EIGEN price has decreased by 3.86% to $1.12, reflecting ongoing bearish momentum as technical indicators suggest further declines. The token is nearing the lower Bollinger Band support level. This decline occurs amid a broader weakness in the cryptocurrency market, which has affected various digital assets. Traders are observing the situation closely as the market sentiment remains negative. The bearish pressure on EIGEN is indicative of the challenges faced by many cryptocurrencies during this period of market instability.
