According to reports from AMBCrypto, institutional demand for EigenCloud [EIGEN] rose 14% to $25.3 million over the last 24 hours, signaling stronger participation from larger investors. The increase came alongside growing whale accumulation, suggesting both institutional and high-net-worth investors were becoming more active at current price levels. Large-holder activity is often monitored during potential trend reversals, as whales have historically accumulated before broader market sentiment shifts.
As reported by AMBCrypto, EIGEN gained more than 10%, making it one of the market's strongest-performing assets. The rally coincided with stronger on-chain activity, suggesting rising demand may be feeding into price action. According to the analysis, EIGEN traded above its key Exponential Moving Averages (EMAs) and the Stochastic RSI rebounded from oversold territory, highlighting $0.212 as an important demand zone. The technical indicators left buyers focused on whether momentum could continue.
According to liquidation data reported by AMBCrypto, a major liquidity cluster sits around $0.316, where more than $300,000 in leveraged positions was concentrated. Such zones often attract price because market participants target areas with concentrated liquidity. If buying momentum persists, EIGEN could test the $0.316 resistance level next, which could increase volatility as leveraged positions begin unwinding. However, institutional demand, whale accumulation, and improving technical indicators do not confirm a breakout on their own.
As reported by AMBCrypto, EIGEN still needs to reclaim $0.316 before a stronger bullish trend gains confirmation. The analysis notes that while institutional buying and whale accumulation are positive indicators, they alone do not guarantee a sustained breakout. The market will need to see EIGEN successfully reclaim the resistance level before confirming a stronger upward trend in the cryptocurrency's price action.
