2026-01-02 08:22:58

EIGEN token faces mounting pressure following a 9.7% unlock event, with the asset sliding 1.10% over the past 24 hours. The unlock released 36.8M EIGEN tokens into circulation, creating notable sell pressure in the market.

On the technical front, the RSI reading of 28.7 signals oversold conditions, suggesting potential relief bounce territory. However, the broader risk-off sentiment persists—Bitcoin dominance sitting near 59% keeps altcoins under structural headwinds.

Key price zones to monitor: Support clusters form around $0.34-$0.355, while resistance emerges at $0.40-$0.44. Traders should brace for continued volatility as another unlock window approaches, which could either test lower support or trigger sharp reversals depending on market appetite.

EIGEN-0,37%

BTC-0,46%

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MoonRocketTeam

· 01-04 04:53

36.8M in supplies suddenly poured in, and this wave of EIGEN is a bit overwhelming... RSI has dropped to 28.7, where's the promised rebound window? This BTC dominance is holding strong, and altcoins are trapped in the atmosphere, unable to take off. Let's wait for the next launch window, everyone.

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HodlKumamon

· 01-02 08:52

RSI 28.7 is oversold. This wave is actually a good time for DCA, data speaks for itself. --- 36.8M dumped, and everyone feels uncomfortable, but looking back at history, such unlocks can still rebound. --- Bitcoin dominance is still at 59; don't expect too much from altcoins right now. Let's wait. --- 0.34 support level, whether it's solid or not depends on the upcoming unlock window. It's a bit uncertain. --- Bear market survival guide: Those panicking now will be the last to regret the next rebound. Does it hurt? --- DCA to 0.34, statistical significance tells me the probability favors this side.

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0xLostKey