Market Overview for EigenLayer/Bitcoin (EIGENBTC)

• Price declined from a peak of $0.00001278 to close lower by -1.4% in 24 hours.
• Volatility spiked during a sharp sell-off in the early hours of 2025-09-10.
• Volume was concentrated during key price breaks and consolidation phases.
• RSI signaled oversold conditions after the midday low, hinting at potential rebounds.

EigenLayer/Bitcoin (EIGENBTC) opened at $0.00001266 on 2025-09-09 at 12:00 ET and traded as high as $0.00001278 before closing at $0.00001266 on 2025-09-10 at 12:00 ET. The 24-hour low was $0.00001224, representing a bearish bias. Total volume was 7,128.25, and notional turnover stood at approximately $0.899.

Structure & Formations

Price action displayed a key bearish breakdown after testing support at $0.00001245 in the early morning of 2025-09-10. This was followed by a consolidation phase around $0.00001224–$0.00001229, where a bullish pinbar and a small-bodied candle indicated tentative buyer interest. Resistance levels at $0.00001255 and $0.00001265 appear to be retesting areas for near-term buyers.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs showed bearish divergence, with price failing to close above either after 07:00 ET. The 50-period MA currently sits at $0.00001257, acting as a dynamic resistance. For daily timeframes, the 50/100/200-day SMAs are not available for this new pair, but intraday momentum remains bearish.

MACD & RSI

The MACD crossed below the signal line with negative momentum during the sharp selloff into $0.00001224. This confirmed bearish momentum. RSI dipped into oversold territory (below 30) during the same period, suggesting potential for a short-term rebound. However, bearish divergence remains intact, with RSI not forming higher lows despite price bounces.

Bollinger Bands

Volatility expanded significantly during the early morning sell-off, with price breaking out of the lower band. Price is currently consolidating near the middle band, indicating a potential range-bound phase if no new catalysts emerge.

Volume & Turnover

Volume spiked during the early morning selloff (05:00–06:30 ET) and during a modest rebound in the afternoon (13:00–14:00 ET), confirming key price moves. However, the lack of volume during subsequent breakouts suggests limited conviction from large traders.

Fibonacci Retracements

The 38.2% Fibonacci retracement level from the $0.00001224 low to the $0.00001266 high is at $0.00001249 and was tested twice with indecisive closes. A break above the 61.8% level at $0.00001258 may signal a short-term reversal, but bears remain in control.

Backtest Hypothesis

The technical indicators above suggest a potential long entry at $0.00001245–$0.00001249 if EIGENBTC shows strength above this Fibonacci level, with a stop loss below the recent $0.00001224 low and a take profit at the next resistance at $0.00001265–$0.00001266. A backtest strategy could involve entering long on a bullish breakout above the 15-minute 20-period SMA, with a stop triggered on a close below the 50-period SMA. This setup would filter out false breakouts and align with the observed buyer interest during consolidation phases.