EIGENUSDT trade ideas
EigenLayer ($EIGEN): Surges Over 10% Amidst Hacking IncidentIn a startling turn of events, the official X account of EigenLayer was recently hacked, leading to the dissemination of phishing links aimed at users. Despite this alarming breach, $EIGEN has demonstrated remarkable resilience, with its price surging 10% amidst growing support from major cryptocurrency exchanges, notably Binance.
Hacking Incident: A Temporary Setback?
The breach of EigenLayer’s X account, which resulted in the posting of phishing scams, has raised significant concerns within the crypto community. Leading on-chain analytics firm PeckShieldAlert swiftly alerted users to avoid clicking the fraudulent links. The compromised account had deceptively announced that eligible participants for Season 2 of EIGEN tokens had been reallocated, further complicating the situation.
This incident reflects a troubling trend in the cryptocurrency space, where projects like EigenLayer are increasingly becoming targets for cybercriminals. However, the prompt response from security firms and the community’s awareness appear to have mitigated the potential damage, allowing investors to remain confident in the project.
Price Performance: EIGEN Defies Odds
Remarkably, despite the hacking incident, EIGEN's price rose nearly 10%, reaching $3.57, with trading volume surging by 39% to $141.52 million. In the last 24 hours, EIGEN touched a high of $3.53. This price resilience can be attributed to several fundamental factors:
1. Exchange Support: The recent support from top exchanges, particularly Binance and Coinbase, has bolstered market confidence. The inclusion of EIGEN in Binance’s loanable assets and VIP loans further fuels optimism about its future.
2. Positive Market Sentiment: The broader cryptocurrency market has shown positive sentiment, with many investors viewing $EIGEN as a potential candidate for significant returns. Some predictions suggest that $EIGEN could reach $5 if certain market conditions are met.
Technical Analysis
From a technical standpoint, EIGEN's recent price movements are noteworthy. Despite facing challenges due to the hacking incident, the token’s 10% surge suggests a strong bullish momentum. Analyzing the daily price chart reveals several key patterns:
Falling Wedge Pattern: EIGEN's price action has formed a falling wedge pattern, which typically indicates a reversal. The recent 10% surge suggests that this pattern may be in the process of reversing.
- Bullish Flag Formation: The appearance of a bullish flag pattern on the daily chart further supports the notion of a potential upward move. This pattern typically signifies a consolidation phase before a continuation of the preceding trend, indicating that $EIGEN could be poised for significant gains in the near future. While the immediate outlook appears positive, it’s essential to monitor the support level around $3.25. A dip to this level could serve as a crucial point for $EIGEN to resuscitate and aim for new highs, potentially revisiting its all-time high (ATH) of $4.53.
Conclusion:
Despite the recent hacking incident, EigenLayer’s strong price performance and growing exchange support suggest that investors remain optimistic about the project’s future. As security measures strengthen and community awareness grows, EIGEN appears well-positioned to navigate through challenges and capitalize on market opportunities.
EIGENUSDT LONG IDEAhi all, as you see on chart there seems channel structure for eigenusdt. and after bitcoin broke the 68000 resistance yesterday and considering usdt.d bearish structure and bitcoin dominance we can easily set up long position.
entry: 3.170
stop : 3.048
target : first 3.49, second 3.79
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EIGEN COIN LONG OPPORTUNITY - ALTCOIN MARKET EIGEN is one of my favorite coins due to its strong fundamentals.
Fundamental Analysis: EIGEN has over $11 billion locked on its platform, making it the 3rd highest in total locked value in the entire crypto market. Additionally, it’s the first and best restaking platform on Ethereum.
Technical Analysis: EIGEN bounced off the daily demand zone, and the 4H structure has confirmed that the price is seeking upside liquidity/expansion.
I expect it to reach these two targets and potentially much higher, possibly even new all-time highs during the next altseason.
I believe we’ve hit the bottom for this coin, and I’ve opened a position.
EIGEN, LONG opportunity🟢 Here is a LONG opportunity on EIGEN/USDT:
Potential Buy Zones:
1- 3.15 $
2- 3.1 $
3- 3.085 $
Potential Sell Zones:
1- 3.55 $ (13%)
2- 3.78 $ (20%)
3- 4.05 $ (28%)
4- 4.15 $ (32%)
Disclaimer
The information provided here should not be construed as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or gains resulting from investment activities based on the information provided.
WILL EIGEN REACH $4 BEFORE END OF OCTOBER? The probability of reaching $4 is very possible. Here are my confluences:
- Weekly Low at $3.29 which had liquidity resting just got raided.
- Q4 has seasonally been great for Cryptocurrencies over the years so I expect a great end to Q4 for EIGENUSDT.
- Price is currently testing the Daily Bullish Order Block which is within the Range Discount Array.
- There is more Liquidity resting above current price rather than below current market price.
- Targeting price to reach $3.72 , $3.91 and $4 for this Long entry.
Trading is risky so always use proper risk management. Happy Trading Pals
EIGENUSDTMy plan is to take short entry in EIGENUSDT from these area
Sl and Tp are Mentions
follow the Risk Managemnet
EIGEN long ideaThe bull market seems like it is about to start, the market is green. Hopefully, it will keep on going.
Follow for more tips
EIGEN has a potentialEIGEN looks very strong here. As we have Q4 already and as it is overall good time for market to go up, my pick is EIGEN today. You can see the bullish structure forming. If price break up of 4,2-4,4 region we can see ATH. With price discovery mode and new ATH, it can run really well.
MANAGE YOUR RISK
THIS IS NOT FINANCIAL ADVICE
EIGEN/USDT: Falling Wedge Retest – Ready for a Bullish move!!Hey everyone!
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EIGEN looks promising here. It’s breaking out of a falling wedge and is currently retesting the wedge. Consider going long at the current market price (CMP) and adding more on dips.
Entry range: $3.26 - $3.36
Targets: $3.60 / $3.79 / $3.94 / $4.32
Stop Loss (SL): $3.08
Leverage: 5x
What are your thoughts on EIGEN's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
EIGENUSDT LONG IDEAhi all, it seems that for eigenusdt descending trend changing. for 15min chart ma breakdown occured. also his rsi has positive mismatch in 15 min time frame. so we can setup long position,
entry : 3.273
stop : 2.99
take profit : with 75x leverage min %300 profit
Eigen Layer zones of interest2 main zones of interest on BINANCE:EIGENUSDT
People will claim airdrop and sooner or later drop the price to zones of interest
2 zones marked by IAP model (how to work with model find in Ideas)
positive and negative scenario will end in same zones so its matter of time
Invalidation of idea mentioned on a chart
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EIGEN/USDT longSL: 3.85
TP: 4.5 (50%, rest moon bag)
New coin, big hype but also big BTC dump. It could moon if breaks 4.6
Took long here (switch to 5 min. chart for better view).
Move stop loss to entry if close above 4.33$
