EIGEN/USDT Breakout Countdown: Descending Triangle Retest

EIGEN/USDT is currently at a critical technical juncture. After months of downward pressure, the pair is now showing signs of a major bullish breakout from a descending triangle pattern, which is often a strong reversal signal. Are we about to witness an explosive upside move? Let’s dive into the setup.


🧠 Key Technical Structure

📌 Pattern: Descending Triangle (Bullish Reversal Potential)

Formed since December 2024

Strong horizontal support between $1.05–$1.28 (yellow box), tested multiple times

Series of lower highs forming a descending trendline, now being challenged by price action

This structure hints at heavy accumulation beneath resistance

📌 Volume: Gradually increasing near breakout zone — a sign of accumulation by smart money

📌 Breakout Confirmation: A daily close above $1.30 with strong volume will validate the breakout, potentially triggering a powerful move.


🟢 Bullish Scenario (Confirmed Breakout)

If EIGEN breaks and successfully retests the descending trendline, a major rally could follow, with these targets in sight:

🎯 Upside Price Targets:

1. $1.60 – Minor resistance and previous support flip

2. $1.98 – Previous distribution zone

3. $2.34 – Horizontal resistance from past structure

4. $2.98 – Mid-Fibonacci extension target

5. $4.01 – Full height target from triangle breakout

6. $5.48–$5.65 – Long-term target from historical resistance

✅ This structure aligns with a classic impulsive wave pattern following a major technical breakout.


🔴 Bearish Scenario (Failed Breakout / Fakeout)

Not all breakouts are successful. Here's what to watch out for:

🔻 If price fails to hold above $1.28, and breaks below $1.05, the structure turns bearish:

Opens the door for a trend continuation downward

Next supports lie at $0.90–$0.80, and possibly $0.65–$0.60

Indicates that sellers are still in control and accumulation has failed

🚫 This would invalidate the bullish setup and signal caution for long positions.


📌 Suggested Trading Plan

Entry Strategy:

Conservative: Wait for a confirmed breakout and successful retest above $1.30

Aggressive: Enter on intraday breakout with strong volume above trendline


Stop Loss: Below triangle support (~$1.02–$1.05)

Take Profits (TP): Scale out at $1.60 / $1.98 / $2.34 / $2.98 / $4.01 / $5.48


💬 Conclusion

EIGEN is on the verge of a major technical move. A clean breakout from the descending triangle could mark the transition from bearish consolidation to bullish expansion — a structure often seen before explosive rallies in altcoins.

Always manage risk wisely, stay alert for retests, and never chase entries without confirmation. This is a setup worth watching closely in the coming days!

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