EIGEN facing headwinds this session—down 4.98% over 24 hours while the broader market climbed 1.37%. The underperformance isn't random.
Three factors crushing momentum right now:
**Unlock Pressure**: 9.7% of total supply hitting the market creates persistent selling. Token unlock schedules typically weigh on price action until absorption stabilizes.
**Liquidity Crunch**: Trading volume tanked 33.5%, meaning fewer buyers to absorb selling pressure. When liquidity dries up, even modest sell orders can trigger sharp drawdowns.
**Technical Setup**: The chart shows concerning resistance levels and breakdown patterns, suggesting further consolidation likely before any recovery setup.
The combination of supply overhang + reduced volume makes this a tough environment for reversal trades. Market makers have less incentive to support bids when unlock pressure remains this heavy.
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MEVHunterZhang
· 4h ago
I'm fed up, it's the same old story of unlocking and dumping. EIGEN was really beaten up this time.
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MEVHunterBearish
· 4h ago
I knew it would be like this. As soon as unlock pressure hits, no one dares to buy the dip... Liquidity is directly cut by 33%. Who would dare to reverse operate in this environment?
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ForumMiningMaster
· 4h ago
Eigen is really having a tough time this round, with unlocking pressure stacking and liquidity exhaustion... a typical right-side trapping situation.
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BakedCatFanboy
· 4h ago
Another coin with high unlocking pressure, this time it's eigen. It's a bit troublesome.
EIGEN facing headwinds this session—down 4.98% over 24 hours while the broader market climbed 1.37%. The underperformance isn't random.
Three factors crushing momentum right now:
**Unlock Pressure**: 9.7% of total supply hitting the market creates persistent selling. Token unlock schedules typically weigh on price action until absorption stabilizes.
**Liquidity Crunch**: Trading volume tanked 33.5%, meaning fewer buyers to absorb selling pressure. When liquidity dries up, even modest sell orders can trigger sharp drawdowns.
**Technical Setup**: The chart shows concerning resistance levels and breakdown patterns, suggesting further consolidation likely before any recovery setup.
The combination of supply overhang + reduced volume makes this a tough environment for reversal trades. Market makers have less incentive to support bids when unlock pressure remains this heavy.