Technical analysis by CryptoNuclear about Symbol EIGEN: Buy recommendation (11/5/2025)

EIGEN currently stands at the edge of a cliff — right above its major accumulation zone between 0.76–0.66, an area that has acted as a strong demand base since March 2025. This is a decisive moment: will we witness a macro reversal formation or a continuation of the downtrend? After a steady decline since October, price has returned to the same demand zone where smart money previously absorbed heavy sell pressure. The long lower wick seen here suggests a liquidity sweep, a classic signal of accumulation before a potential bullish reversal. Structurally, the market is still in a short-term downtrend — but the combination of oversold conditions and strong horizontal support makes this zone extremely important for a possible rebound. --- Bullish Scenario If the 0.76–0.66 zone successfully absorbs selling pressure again and a bullish rejection candle forms with notable volume, then EIGEN could initiate a multi-stage rebound toward: Target 1: 1.03 Target 2: 1.42 Target 3: 1.60–1.95 Extended target: 2.40 A decisive 2D candle close above 0.85–0.90 would serve as a strong confirmation of bullish strength and potential trend reversal. --- Bearish Scenario If price breaks and closes below 0.66, A lower low structure will form, confirming continuation of the downtrend. The next potential support lies around 0.526, aligning with a previous swing low. Any failed retest of 0.66 as resistance after breakdown could trigger another leg lower. --- Pattern & Market Structure This chart highlights a broad accumulation range at the base of the trend — potentially the early stage of a Wyckoff accumulation phase. The yellow zone may act as the spring point, where liquidity is flushed before a major markup. However, if sellers maintain dominance, this same zone could transform into a redistribution area before further decline. --- Strategy & Risk Management Conservative entry: Wait for a confirmed bullish candle closing above 0.76–0.80. Aggressive entry: Gradually scale in between 0.70–0.75 with a stop below 0.64. Take profit levels: Align with resistance zones (1.03, 1.42, 1.60+). Breakdown play: Wait for a 2D close below 0.66 and short on retest failure. Risk control: Keep total risk per trade under 1–2% of capital. --- Core Narrative EIGEN is now at a make-or-break zone. This is the last stronghold for buyers — and possibly a golden opportunity for traders waiting for a clear directional bias. A bullish reversal here could ignite a multi-week rally, attracting attention across the market. But a decisive breakdown below the range could mark the start of a capitulation phase toward deeper lows. --- Conclusion The 0.76–0.66 zone represents the heartbeat of EIGEN’s current market cycle. As long as price holds above it, the probability of a strong reversal remains alive — offering a compelling reward-to-risk setup. But if the level collapses, traders should prepare for a potential slide toward 0.52 or even lower. --- #EIGEN #EIGENUSDT #Crypto #Altcoins #TechnicalAnalysis #PriceAction #SupportResistance #SwingTrading #SmartMoney #Wyckoff #LiquiditySweep #ReversalZone #CryptoAnalysis #MarketStructure