Eigenlayer (EIGEN) is currently trading at $1.01, showing a robust 24-hour change of 6.79%. The daily price range has been relatively narrow, with a high of $1.03 and a low of $0.944, indicating a consolidation phase within this period.

The trading volume stands at approximately 48.3 million, reflecting an 18.18% volume-to-market cap ratio, suggesting healthy trading activity. The hourly moving averages indicate bullish momentum, particularly the 55 SMA at $0.9555 which has risen by 5.70%, reinforcing upward pressure on the price.

The 1-hour RSI is at 60, indicating that the asset is approaching overbought territory but still has room for further upside. Additionally, the 7-day RSI at 57 supports a moderate bullish sentiment, while a notable 20.82% increase over the past week indicates strong short-term momentum.

From a longer-term perspective, EIGEN has seen a significant 23.69% increase over the last 14 days, although it has experienced a decline of 15.91% over the past month. This mixed performance highlights volatility but also suggests potential for recovery as it trades significantly below its all-time high of $5.65 reached in December 2024.

Considering the current technical indicators and the positive short-term trends, EIGEN presents a favorable buying opportunity. Therefore, the recommendation is to Buy, as the asset is showing signs of upward momentum with solid support levels below current prices.