EigenCloud (EIGEN) is currently priced at $1.59, reflecting a slight decline of 2.12% over the past 24 hours. The price has fluctuated between a high of $1.66 and a low of $1.56 during this period, indicating limited volatility with a daily range of just 0.1%.

Trading volume stands at 131,048,452, constituting 25% of the market cap, which suggests healthy market activity but also highlights a potential lack of liquidity. The short-term moving averages (8, 13, 21, and 55 SMA) all indicate a downward trend, with declines ranging from 1.10% to 1.74%, while the longer-term 144 SMA shows a positive shift of 5.10%, indicating some bullish momentum.

The 1-hour RSI is at 49, suggesting neutral momentum, while the 7-day RSI at 52 indicates a slight bullish sentiment as it approaches the overbought territory. The asset has experienced notable price changes over the past two weeks, with a 14-day increase of 35.76% and a 30-day increase of 18.54%, reflecting strong upward momentum in the medium term.

Despite the recent pullback, the asset is still trading significantly below its all-time high of $5.65 reached in December 2024. This suggests that EIGEN may have substantial upside potential if the market sentiment shifts positively.

Considering the current price action, the moderate RSI readings, and the recent performance trends, the recommendation is to Hold. The asset's long-term potential remains strong, but short-term indicators suggest waiting for more favorable entry conditions.