Market Performance Overview

Variety: EIGEN/USDT perpetual contract

Current Price: 1.9536 USDT (24-hour Change +27.30%)

24-hour fluctuation: 1.4926 - 1.9660 USDT (amplitude ≈ 31.7%)

Trading Volume: 115 million USDT (high liquidity)

Technical Analysis and Operational Suggestions

Key Position:

Resistance levels: 1.9660 (previous high), 2.0180 (retracement level), 2.1410 (extension level)

Support levels: 1.9892 (retracement level), 1.8959 (benchmark level)

Moving Average System:

MA5 (1.9097) > MA10 (1.8561) > MA20 (1.8338), showing a bullish arrangement, with prices strongly running above all moving averages.

Momentum Analysis:

The price is close to the previous high of 1.9660, and we need to observe whether it can break through with increased volume. If it breaks through, the next target is 2.018.

If there is a pullback, the primary support is at 1.989 (0.618 level), and the key support is at 1.896 (level).

Operational idea:

Bullish Strategy: If it stabilizes after a pullback to the support range of 1.989-1.896, you can try going long with a small position, set a stop loss below 1.880, and aim for a target of 1.966.

Breakthrough trading: If it breaks through 1.966 with volume, you can follow up with a long position, targeting 2.018-2.141.

Risk warning: 24-hour volatility exceeds 30%, avoid chasing highs, be cautious of profit-taking pressure leading to a pullback.

Risk Warning

EIGEN is an emerging token with extremely high volatility (amplitude of 31.7%), and one should be cautious of liquidity risks. The above analysis is based on 15-minute candlestick technical indicators and does not constitute investment advice. Please carefully control your positions and set strict stop-losses, and bear the responsibility for your own profits and losses.