EigenCloud jumps 15% on rising trading volume and network activity after token unlock dip

EigenCloud (EIGEN) surged 15% following a 47% increase in trading volume, recovering from a previous dip after a token unlock on April 2. This price rebound coincided with a broader altcoin rally and was supported by a spike in network fees and user activity, indicating growing participation. Technical indicators suggest the selling pressure from the unlock may have eased, with potential for further gains toward $0.20 if the bullish momentum continues. However, traders should watch key liquidity levels around $0.17 to $0.18 for possible price corrections or continuation of the uptrend.