EigenCloud (prev. EigenLayer) EIGEN
EIGEN cycle analysis · chart, confirmed lows and fundamentals
Red List Recovering held Phoenix · monthly · score 71.0 mixed
80.9% below its 365-day high of $1.23 (2025-10-26), +57.9% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Red List.
Held on the Red List: it last met the Red List rules. Today it reads Amber List; a tier moves down only after five consecutive scans below its rules.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +57.9% above the Apr 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 3r 1r 2Dg 2Ug 1r
- Confirmed low
- $0.1640 · 2026-08-31
- Position
- 2 of median 4.5 (max 8)
- Current low
- $0.1490 · confirmed
- Cycle-low confidence
- —
- Confirmed lows
- 5
Weekly
- Last bars
- 2Ug 1r 2Dg 2Ur 1g
- Confirmed low
- $0.2117 · 2026-10-11
- Position
- 2 of median 5 (max 17)
- Current low
- $0.2117 · confirmed
- Cycle-low confidence
- 44% · in band
- Confirmed lows
- 18
Daily
- Last bars
- 3r 2Dr 1g 3r 1r
- Confirmed low
- $0.2206 · 2026-10-15 (daily)
- Position
- 6 of median 5 (max 21)
- Current low
- $0.2238 · unconfirmed
- Confirms above
- $0.2544
- Cycle-low confidence
- 36%
- Confirmed lows
- 142
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 0.164 (Aug 2026), month 2 of a cycle that has typically run 4.5.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 0.2117 (Oct 2026), week 2 of a cycle that has typically run 5. Cycle-low confidence 44%.
- Daily: bar is a red inside bar. Last confirmed swing low 0.2206 (2026-10-15), day 6 of a cycle that has typically run 5. Current low 0.2238 is unconfirmed — it confirms above 0.2544. Cycle-low confidence 36%.
- Red List: 81% below the 2025-10-26 high; +58% off the 365-day low.
- Phoenix: 97% decline over 16 months, monthly swing low confirmed (next-bar), now +58% above the trough; pullback #6 confirmed 2026-10-18.
- Gauges: Mayer multiple 1.13 (neutral); -96% from the all-time high.
Has EigenCloud (prev. EigenLayer) bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the EIGEN snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.1640 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.2117 from 2026-10-11. The current candidate is marked confirmed. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.2206 from 2026-10-15. A newer candidate at $0.2238 is unconfirmed; its confirmation level is above $0.2544, provided the candidate low is not undercut first.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is EigenCloud (prev. EigenLayer) below its high?
The Coinbase price snapshot is 80.9% below its rolling 365-day high of $1.23 from 2025-10-26. Separately, CoinGecko reports -95.8% relative to its all-time high of $5.65 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- First observed: Red List; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $5.67 · Dec 2024
- Trough
- $0.1490 · Apr 2026
- Decline
- -97.4% over 16 months
- Above trough
- +57.9%
- Monthly
- confirmed (next-bar) · trigger $0.2090
- Weekly
- confirmed (late (2 bars))
- False bottom
- $1.03 · Aug 2025 (2 higher highs, then undercut)
- Entry
- pullback #6 low $0.2117 confirmed 2026-10-18 · trigger $0.2728
| decline | 30 |
| confirmation | 25 |
| earliness | 6.0 |
| stale | 0 |
| false bottom | 10 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 10.15 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.91 x | 8.2 / 15 |
| Size (market-cap rank) survivorship | 166 # | 3 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 50.3 x | 16.6 / 20 |
| TVL backing (market cap / TVL) capital parked in it (DefiLlama) | 0.04 x | 15.0 / 15 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | 88.3 % | 10.0 / 10 |
| Age on Coinbase survived a cycle | 2.1 yrs | 4.4 / 10 |
7 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $255.2M
- Fully diluted
- $487.0M
- 24h volume
- $25.9M
- Circulating
- 969,024,551
- All-time high
- $5.65 · 2024-12-16 (-95.8%)
- TVL
- $6.32B (protocol)
- Fees 30d
- $417.2K
- Revenue 30d
- $0
- Fees 1y
- $25.0M
- Mayer multiple
- 1.127 · neutral
- Pi cycle
- 0.396
- On Coinbase since
- 2024-10-01 (751 bars)
- CoinGecko id
- eigenlayer
Continue your cycle research
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