The post EigenLayer (EIGEN) Tests $1.90 Resistance as RSI Approaches Overbought Territory appeared on BitcoinEthereumNews.com.

Darius Baruo
Sep 19, 2025 10:51

EIGEN price holds at $1.89 despite 1.30% daily decline, with technical indicators showing mixed signals as the token approaches key resistance levels.

Quick Take • EIGEN currently trading at $1.89 (-1.30% in 24h) • EigenLayer’s RSI at 69.47 signals potential overbought conditions approaching • No major news catalysts in past week, price action driven by technical factors • EIGEN testing upper Bollinger Band resistance near $1.91 What’s Driving EigenLayer Price Today? EigenLayer has experienced a relatively quiet news cycle over the past week, with no significant announcements or partnerships driving price action. The current EIGEN price movement appears to be primarily technical in nature, as the token consolidates after recent gains. The absence of fresh catalysts has led traders to focus on chart patterns and technical indicators, with EIGEN price finding itself caught between key support and resistance levels. Trading volume remains robust at over $40 million on Binance spot markets, indicating continued institutional and retail interest despite the lack of fundamental news drivers. EIGEN Technical Analysis: Mixed Signals as Momentum Peaks EigenLayer technical analysis reveals a complex picture with both bullish and cautionary signals emerging. The most prominent indicator is EIGEN’s RSI reading of 69.47, which places the token in neutral territory but approaching the overbought threshold of 70. This suggests that while momentum remains positive, a potential cooling-off period may be imminent. The MACD indicator tells a more optimistic story, with EIGEN’s MACD line at 0.1317 sitting well above the signal line at 0.0818. The positive histogram value of 0.0499 confirms that bullish momentum is still intact for EigenLayer, though traders should monitor for any potential divergence. EigenLayer’s position relative to its Bollinger Bands is particularly noteworthy, with the %B reading of 0.9771 indicating…

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Filed under: News - @ September 20, 2025 5:23 am