EigenCloud gains 10% – Can EIGEN reach THIS liquidation zone?
Photo: AMBCrypto
EigenCloud [EIGEN] extended its recent bullish push after rebounding from the 200-day EMA support near $0.22 three days earlier. Over the past 24 hours, the token gained 10% to trade at $0.248. Trading Volume also spiked alongside the recovery. The previous time volume recorded spikes of a similar magnitude, EIGEN rallied significantly. Meanwhile, its Spot Volume Bubble Map indicated heated trading conditions, while Spot Taker CVD pointed to buyer dominance. Could this combination propel EIGEN toward its previous swing high at $0.286? Buyers had gained ground, but derivatives positioning offered a reason for caution.
Source: AMBCrypto
