EIGENUSDT Faces Heavy Selling Pressure Amid Unusual Volume

The trading volume for EIGENUSDT has been unusually high, reaching 461,000 USDT. The price has declined by 1.05% to 1.503 USDT, with a daily change of -1.76%. The current buy and sell ratio is heavily skewed towards sales, at 14% buying and 86% selling. This unusual volume alongside the significant sell dominance could indicate increased selling pressure or market uncertainty. The drop in price further supports a bearish sentiment at the moment, and traders might want to exercise caution, monitoring for any signs of trend reversal or further decline. Overall, the high volume with a downward price movement and a dominant sell ratio suggests a bearish outlook in the near term for EIGENUSDT. It would be prudent to wait for clearer signal confirmation before considering new positions, especially in light of the high sell activity.