EigenCloud (EIGEN) is currently priced at $1.53, reflecting a slight decline of 0.19% over the last 24 hours. The asset has shown stability within a daily trading range of $1.51 to $1.63, indicating a low volatility environment with a daily range of only 0.12%.

Trading volume has reached approximately 113.77 million, accounting for 23.35% of the market cap, suggesting active market participation. The hourly moving averages show a bearish trend, with the 8 SMA at $1.54 down 0.45%, the 13 SMA at $1.56 down 2.14%, and the 21 SMA at $1.57 down 2.66%.

The 1-hour RSI is currently at 35, indicating that EIGEN may be oversold in the short term, while the 7-day RSI at 53 suggests a more neutral outlook. Price performance over the past week has been relatively strong, with a 16.39% increase, and a 35.45% increase over the past 14 days.

However, the longer-term trend remains positive, with a 30-day price change of 47.03%, showcasing strong bullish momentum. The all-time high of $5.65 reached in December 2024 highlights significant upside potential compared to the current price.

Given the recent price action and technical indicators, EIGEN appears to be in a consolidation phase, but the overall bullish trend over the last month cannot be ignored. Therefore, based on the current data and market conditions, a Buy rating is warranted, especially for investors looking to capitalize on potential rebounds in the price as it approaches key support levels.