2026-01-02 08:22:58

EIGEN token faces mounting pressure following a 9.7% unlock event, with the asset sliding 1.10% over the past 24 hours. The unlock released 36.8M EIGEN tokens into circulation, creating notable sell pressure in the market.

On the technical front, the RSI reading of 28.7 signals oversold conditions, suggesting potential relief bounce territory. However, the broader risk-off sentiment persists—Bitcoin dominance sitting near 59% keeps altcoins under structural headwinds.

Key price zones to monitor: Support clusters form around $0.34-$0.355, while resistance emerges at $0.40-$0.44. Traders should brace for continued volatility as another unlock window approaches, which could either test lower support or trigger sharp reversals depending on market appetite.

EIGEN10.81%

BTC1.79%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
5
Repost
Share

Comment

0/400

HodlKumamon

· 4h ago

RSI 28.7 is oversold. This wave is actually a good time for DCA, data speaks for itself. --- 36.8M dumped, and everyone feels uncomfortable, but looking back at history, such unlocks can still rebound. --- Bitcoin dominance is still at 59; don't expect too much from altcoins right now. Let's wait. --- 0.34 support level, whether it's solid or not depends on the upcoming unlock window. It's a bit uncertain. --- Bear market survival guide: Those panicking now will be the last to regret the next rebound. Does it hurt? --- DCA to 0.34, statistical significance tells me the probability favors this side.

View OriginalReply0

0xLostKey