EigenLayer Price Forecast: October 5
The EigenLayer market price is negotiating the upper resistance level as the coin price experiences a broad correction due to increased market activity and investors’ interest. However, the crypto market structure might remain in that direction if the bulls could add more effort to their buying motives and the price closes above the $3.65 supply level; the coin might further extend to a $4.00 upper resistance level and beyond, resulting to an impressive double-digit gains.
Key Levels:
Resistance Levels: $3.47, $3.48, $3.49
Support Levels: $3.23, $3.22, $3.21
EIGENUSD Long-term Trend: Bullish (5 Minute Chart)
The EigenLayer market shows promising growth while negotiating the upper resistance level in its higher time frame. The coin price has recently ignited a potential surge with high volumes from the bulls above the supply trend levels indicating a bullish trend. 
The persistent bullish pressure on the crypto to the $3.45 high value in the past session has made it easier for the crypto to keep negotiating towards the upper channel and establish a solid base above the supply trend lines in its recent high.
At the writing time, the EIGENUSD pair is negotiating the upper resistance at a $3.49 high mark above the EMA-50 on the 5-minute chart, signaling a high optimism among the coin investors. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
The EigenLayer price value is approaching the upper channel; therefore, if the bulls increase their tension in the market, the price tendency will move above the $3.65 barrier and set the potential for a better and higher rally.
Notably, with the EIGENUSD pair negotiating the upper resistance level, the daily signal also suggests an uptrend continuation in the coming days by pointing up. Thus, the next price target by the bulls could be as high as $4.00 upper resistance level soon in its long-term perspective.
EIGENUSD Short-term Trend: Bullish (1-Minute Chart)
The EIGENUSD pair is approaching the upper resistance channel with a more bullish impact in its short-term outlook. The coin price is above the resistance levels due to a high bullish impact, suggesting a bullish momentum. 
The coin has been making higher highs and higher lows in the previous actions, making it possible for the crypto price to hold above the supply levels in its recent high.
On the 1-minute chart today, the EigenLayer market value is approaching the upper resistance level at the $3.47 mark above the EMA-50, potentially igniting a broader market surge.
However, with sustained investor enthusiasm, the EIGENUSD price prediction could surge high to reach the $3.69 barrier, approaching the upper resistance level.
Furthermore, the EigenLayer price action depicts a beautiful bullish continuation pattern shown by the daily stochastic standing upright. Therefore, more gains and strengths are expected from the coin as the bulls continue to dictate the market conditions.
Thus, more gains and strengths are expected from the coin as the bulls continue to dictate the market conditions. The $4.00 high level might be the target, as the price action keeps approaching the upper resistance level in the short-term outlook.
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