EigenCloud (EIGEN) is currently priced at $0.535646, reflecting a 4.98% decrease over the past 24 hours. The daily trading range shows a low of $0.532979 and a high of $0.573484, indicating increased volatility with a 24-hour volume of approximately 31.66 million, which constitutes 12.14% of its market capitalization.

Technical indicators reveal bearish momentum, with the 1-hour RSI at a low 23, suggesting oversold conditions in the short term. The 7-day RSI at 44 confirms a lack of strong bullish momentum, while the price has declined 14.49% over the past week and 31.02% over the last month, indicating sustained downward pressure.

Moving averages further illustrate the bearish trend, with the 8 SMA at $0.5498 down 2.58%, and the longer 144 SMA at $0.5582 down 4.04%. This consistent decline across various moving averages suggests that sellers dominate the market, and there is no immediate sign of a reversal.

Despite the significant price drop from its all-time high of $5.65, reached in December 2024, the current valuation may attract buyers looking for entry points. However, with the technical indicators signaling weakness and the recent price action suggesting a lack of buyer interest, caution is warranted.

Based on the analysis of technical indicators and recent price movements, the rating for EigenCloud (EIGEN) is a Sell. The continued downtrend, combined with oversold RSI levels, indicates that further price deterioration may occur before any potential recovery can be considered.