EigenLayer (EIGEN) Surges 7.96% to $1.86 Despite Recent Technical Resistance
The post EigenLayer (EIGEN) Surges 7.96% to $1.86 Despite Recent Technical Resistance appeared on BitcoinEthereumNews.com.
Rongchai Wang Sep 28, 2025 10:20 EIGEN price climbs to $1.86 with 7.96% daily gains, recovering from falling wedge breakout as technical indicators show bullish momentum above key moving averages. Quick Take • EIGEN currently trading at $1.86 (+7.96% in 24h) • EigenLayer broke above all major moving averages with strong bullish momentum • Recent falling wedge breakout targeting $3.00 despite profit-taking resistance at $1.86 Fibonacci level What’s Driving EigenLayer Price Today? The EIGEN price surge comes as the token recovers from earlier week volatility when profit-taking pushed prices down 3.59% on September 23rd. Despite hitting technical resistance at the $1.86 Fibonacci level that day, EigenLayer has bounced back strongly, suggesting the underlying bullish structure from the September 22nd falling wedge breakout remains intact. The recent weakness was primarily driven by short-term profit-taking after EIGEN’s breakout from a multi-touch falling wedge pattern. However, today’s 7.96% recovery indicates that sellers have been absorbed and buyers are stepping back in at lower levels. The technical publication on September 25th about Eigen-1’s adaptive multi-agent framework had minimal market impact, keeping the focus on technical price action. EigenLayer Technical Analysis: Strong Bullish Signals Emerge EigenLayer’s RSI at 60.25 sits comfortably in neutral territory, providing room for further upside without entering overbought conditions. This EIGEN RSI reading suggests sustainable momentum rather than an overextended rally. The MACD indicators paint a particularly bullish picture for EigenLayer. With EIGEN’s MACD at 0.1141 above its signal line of 0.1117, the positive histogram of 0.0024 confirms building bullish momentum. This technical setup often precedes sustained upward moves. EigenLayer’s positioning above all key moving averages strengthens the bullish case. The EIGEN price of $1.86 trades well above the SMA 7 ($1.78), SMA 20 ($1.69), and significantly higher than the SMA 200 ($1.25),…
