Why Did EIGEN Start the Rally?

We see that Eigen's long-standing decline period has come to an end. The test at the bottom levels is a strong indication that the price is ready to recover.

Looking at it technically, the situation is quite interesting. I took a position at the $0.40 level, and movement has started from this level. I am targeting the $0.91 level as the first goal—if this holds, breaking above these levels will become even easier.

From a medium-term perspective, I am watching the $5 target. Considering the current momentum, this rally could be quick and full of surprises. As support levels are broken, the next resistances seem to be crossed one by one.

Of course, everything in the crypto market can change rapidly. Risk management must remain important, and we should not ignore that.