#EIGEN

Current view.
After friends $EIGEN were listed, it broke the inverse head and shoulders pattern it formed for about a year last October, and then declined to the bottom area, which is the target of the pattern, with a decline lasting approximately 6 months.
Since April, we have been observing a horizontal accumulation process for about 5 months.
To say that the long-term upward trend has started, the main downtrend coming from the ATH level needs to be broken. There is still a significant distance to cover for this.
However, in the short term, breaking above this horizontal channel formed at the bottom could signal the start of a strong recovery process.
Currently, the price is testing this breakout level.
In possible upward movements, the levels I indicated on the chart
🔹0.34$
🔹0.44$
🔹0.66$
🔹1.02$ and
🔹1.66$ will be important resistance zones to watch in order.
Continuing to monitor both short and long term.