Whales accumulate EIGEN: Is this a sign of EigenLayer’s future rally?

Quick Summary:

A whale has increased its EIGEN holdings to 5.04 million, becoming the second-largest holder.

Moving Averages (MA) are also aligned with these levels.The 50 SMA at $2.449 acts as immediate resistance, followed by the 100 SMA at $2.703 and the 200 SMA at $2.857, marking key barriers for sustained upward movement.

This move raised its holdings to 5.04 million EIGEN worth $11.14 million, making it the whale’s second-largest position after ETH.

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Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: United States

Topics: Trading View Social News 1 News Ambcrypto Altcoin

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Published On: 2024-11-22 @ 02:00:45 (14 hours ago)

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News Source URL: ambcrypto.com

Language: English

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Copyright Owner: © AMBCrypto

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