EIGEN Rebound Puts $69.61 Million Liquidation Cluster in Focus

EigenCloud (EIGEN) gained 10% over 24 hours to $0.248 after rebounding from support near $0.22, with stronger trading activity and spot-market buyers supporting the recovery.

The token bounced from its 200-day exponential moving average three days earlier. Trading volume also increased during the move, while spot-market indicators showed buyers remained in control.

EIGEN’s previous swing high is $0.286. An estimated $69.61 million liquidation cluster is concentrated near that level, where forced position closures could amplify volatility if prices enter the zone.

Spot taker cumulative volume delta, or CVD, continued to indicate buyer dominance. A spot-volume bubble map also showed elevated activity, pointing to heavier trading conditions during the rebound.

Derivatives positioning was less supportive. Funding data showed an average rate of -0.0079, compared with a projected 0.0032. Negative funding could leave short positions vulnerable to a short squeeze, but the reading did not confirm broad bullish positioning among derivatives traders.

The recovery would come under pressure if EIGEN falls back below $0.22 or if spot buying weakens.