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$EIGEN Update 👀
EIGEN has pushed back into a major resistance zone, but this move doesn't look convincing to me.
Price is testing an area that has rejected it multiple times before, and I'm starting to see signs of exhaustion. Instead of a breakout, this looks more like a liquidity grab above resistance.
I'm watching for a rejection here, and if sellers take control, a move back toward the $0.20 area could come pretty quickly.
For now, I'm leaning bearish until this resistance is clearly broken.
#EIGEN