Technical analysis by HexaTrades about Symbol EIGEN: Buy recommendation (9/13/2025)

EIGEN has been consolidating in an ascending triangle pattern for several months, with rising lows meeting a flat horizontal resistance zone. This structure typically signals strong bullish pressure building up over time, as buyers consistently step in at higher levels. Currently, the price is testing the upper resistance trendline around $1.65–$1.70. A breakout and daily close above this zone could confirm the start of a major bullish leg, with the potential to push prices significantly higher. The volume profile also shows a large gap above this area, which means price could move quickly once resistance is cleared. Key Points - Ascending triangle formation visible on the daily chart - Strong resistance around $1.65 – $1.70 -Breakout above resistance could trigger strong momentum - Volume profile suggests less supply above current levels Trade Setup - Entry: On breakout and daily close above $1.70 - Stop-loss: ~$1.10 Targets: 50%-200% Cheers Hexa