$EIGEN breakout confirmed: $EIGEN broke a falling wedge with rising volume, making $1.85 the critical retest support and setting measured-move targets at $2.15 and $2.35. Traders watch retests and momentum indicators (RSI, MACD) to validate continuation toward those levels.
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Key support: $1.85 (primary retest), secondary $1.78
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Measured-move targets: $2.15 and $2.35, aligned with prior supply zones
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Volume and momentum confirmation: breakout accompanied by expanding volume, RSI and MACD turning bullish
$EIGEN breakout: watch $1.85 retest for validation; targets $2.15 & $2.35—read analysis and trade plan. Act with caution. (Meta: 150-160 chars)
$EIGEN breaks out of a falling wedge with bullish confirmation, eyeing $2.15 and $2.35 targets while $1.85 holds as key support.
- The support levels are identified as 1.85 and 1.78, and traders observe the levels to confirm after breakout structural strength.
- Bullish continuation targets will be estimated to be at 2.15 and 2.35 which will coincide with the previous supply areas as well as the move measured target.
- Bullish continuation targets are projected at $2.15 and $2.35, aligning with prior supply zones and the measured move objective.
$EIGEN has broken out of a falling wedge pattern after weeks of consolidation, marking a bullish reversal signal supported by rising trading volume.
What is the technical setup behind the $EIGEN breakout?
The $EIGEN breakout is a rising reversal from a falling wedge: price compressed within declining trendlines and then pushed higher on expanding volume. Momentum indicators (RSI, MACD) flipped bullish, providing confirmation that buyers have regained control in the near term.
How did volume and momentum confirm the move?
Volume expanded at the breakout, indicating active buyer participation rather than a low-volume spike. RSI moved higher from neutral levels and MACD completed a bullish crossover. These technical signs increase the probability of follow-through toward measured targets.
🚨 Falling Wedge Breakout in Play! After weeks of consolidation, $EIGEN has broken out of a textbook falling wedge—a bullish reversal pattern. Volume confirmed the breakout, with RSI and MACD flipping bullish. 📈
🔍 What I’m Watching:
Retest of wedge breakout (~$1.85 zone)… pic.twitter.com/Brb6YKgIcJ — razvan.eth (tweet text, September 21, 2025)
The wedge breakout allowed $EIGEN to rally past the $2.00 mark before encountering resistance. Momentum oscillators strengthened as the breakout unfolded, which supports the bullish thesis for the short to medium term.
This development marks a technical shift from prior lower-high price action. A validated breakout—confirmed by volume and momentum—puts the chart in a constructive posture, though short-term retests remain a key validation step.
What are the key levels to monitor after the breakout?
Primary retest support sits near $1.85. Holding above $1.85 preserves the bullish structure and increases the likelihood of extension. A deeper support area is located at $1.78 and serves as a secondary safety zone for buyers.
If $EIGEN holds above the breakout level, the market structure remains favorable for continuation. A failure to hold $1.78 would weaken the pattern and suggest further consolidation or range-bound activity.
How were the continuation targets calculated and what are they?
The measured move projection from the falling wedge yields targets at $2.15 and $2.35. These levels coincide with prior supply zones where notable selling occurred historically, making them logical objectives for profit-taking and resistance testing.
Market participants should watch price action as it approaches these areas: volume contraction or bearish divergences on RSI could signal distribution, while expanding volume on approach would support breakout follow-through.
Frequently Asked Questions
What happens if $EIGEN retests and holds $1.85?
If $EIGEN retests and holds $1.85, the breakout is validated and the path to $2.15 and $2.35 becomes more probable; traders often use the retest as an entry with stops below $1.78.
How should traders manage risk around this breakout?
Use clear stop levels (for example below $1.78), scale position size relative to volatility, and confirm entries with volume and momentum signals to reduce false-breakout exposure.
Key Takeaways
- Validated breakout: Volume and momentum confirm a falling wedge breakout above $2.00.
- Critical supports: $1.85 is the primary retest; $1.78 is the secondary buffer.
- Targets & plan: Measured-move targets at $2.15 and $2.35; manage risk with stops below $1.78.
Conclusion
The $EIGEN breakout from a falling wedge, supported by rising volume and bullish momentum, positions the asset for potential gains toward $2.15 and $2.35. Monitor the $1.85 retest and momentum signals for validation, and use disciplined risk management if planning to trade the move. COINOTAG will update this analysis as on-chain data and price action evolve.
