EigenCloud (EIGEN) is currently priced at $0.572301, reflecting a significant 24-hour decline of 13.68%. The asset has exhibited a daily trading range between a high of $0.676115 and a low of $0.549816, indicating heightened volatility in the short term.

The volume of $97,934,295 corresponds to a Vol/Market Cap ratio of 38.71%, suggesting a relatively active trading environment. Short-term moving averages indicate a bearish trend, with the 8 SMA at $0.5845 down 2.09%, and the 21 SMA at $0.6121 showing a decline of 6.51%.

The 1-hour RSI is at 27, indicating oversold conditions, while the 7-day RSI is at 43, suggesting potential weakness but not yet oversold. The 7-day price change of -18.54% and the 30-day price change of -47.07% highlight a prolonged downward trend in market sentiment.

Technically, the asset is below all key moving averages, with the 144 SMA at $0.6580, indicating strong resistance levels ahead. This suggests that the price needs to break above these averages to establish a bullish reversal.

Fundamentally, the all-time high of $5.65, reached in December 2024, indicates significant potential upside but also highlights the current depreciation from that peak. Given the ongoing bearish trend and the substantial price drop, investors should be cautious, as the market has not yet shown signs of stabilization or recovery.

Given the current indicators of oversold conditions alongside bearish trends, a Hold rating is recommended. This strategy allows for potential recovery if market conditions improve while avoiding potential further losses.