EigenCloud (EIGEN) is currently priced at $0.503112, experiencing a slight decline of 0.15072% over the past 24 hours. The asset has seen a daily range from a low of $0.500068 to a high of $0.51995, indicating limited volatility in the short term.

Trading volume stands at approximately 35.4 million, equating to 14.43% of the market cap, suggesting reasonable liquidity. However, the 1-hour RSI at 39 indicates that EIGEN is approaching oversold territory, while the 7-day RSI of 49 suggests a neutral trend over the past week.

Moving averages reveal a bearish sentiment; the 8 SMA is at $0.5084 (-1.04%), and the 144 SMA at $0.5379 (-6.47%) indicates a downward trend. The 30-day price change of -34.20% underscores a prolonged downtrend, further corroborating bearish momentum in the near term.

Despite the recent price action, EIGEN remains significantly below its all-time high of $5.65 reached in December 2024, signaling a substantial decline and potential for recovery. However, the negative price changes over the 7-day and 14-day periods at -14.76% and -8.85% respectively, highlight persistent selling pressure.

Given the current technical indicators and overall market sentiment, a cautious approach is advisable. The combination of bearish moving averages, declining RSI, and substantial recent losses leads to a Sell rating for EIGEN, with the recommendation to monitor for potential reversal signals before considering re-entry.