EigenLayer Price Forecast: October 19
EIGENUSD is capturing significant attention and looks good for long as top analysts predict the crypto markets are gearing up for substantial recovery and gains. In the last 24 hours, the coin price has risen by 7.20% amid a broader market recovery. The coin price might continue its bullish rally, and the EigenLayer price could still go higher if the bulls break up the $4.13 value. A smooth upside momentum to the $4.50 upper resistance level is possible as traders anticipate more gains from the asset.
Key Levels:
Resistance Levels: $3.47, $3.48, $3.49
Support Levels: $3.09, $3.08, $3.07
EIGENUSD Long-term Trend: Bullish (1H Chart)
The EIGENUSD pair is positive and looks good as long as it portrays a bullish market trend in its long-term outlook. The coin shows exponential growth due to increased supply and heightened demand for crypto. 
The price responded to the shift in the market structure and is currently above the moving averages, suggesting a bullish trend.
Pressure from the bulls to the $3.24 supply mark in the past session has enabled the market to look good for a long and remain above the supply trend levels in its recent high.
Today, the EigenLayer market looks good for long as the coin buyers rallied upwards to a $3.49 resistance level above the EMA-50 as the 1-hourly session commences, signaling strong market optimism and potential for significant gains. However, buying EIGENUSD during this period could prove profitable as more upsides are possible and buyers are clustered around the market presently.
In addition, under the influence of this market level, the price of EigenLayer looks good for a long and could rise steadily soon and break up the previous high of $4.13 level to reach the $4.50 resistance level soon as we watch the crypto market turns strongly bullish and looks good for long in the long-term perspective.
EIGENUSD Short-term Trend: Bullish (15-Minute Chart)
The EIGENUSD pair looks good for long as upward pressure still dominates the pair on the medium-term outlook. The coin price is close to the upper resistance area above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls. 
The coin has been having a series of higher highs and higher lows from the last session, making it possible for the crypto to look good for a long and retain the upward strength in its recent high.
The bulls corrected the $3.49 supply value above the moving averages as the 15-minute chart resumes today, suggesting the EigenLayer looks good for a long and encourages buy traders to invest in the crypto, as possible future gains are certain.
However, with sustained investors’ enthusiasm, the coin price could reach as high as $3.53 level, denoting a rise in volatility.
Additionally, there is a possibility of bullish continuation as the EIGENUSD price remains in an uptrend on the daily stochastic, suggesting the coin market may hint at a $4.50 upper resistance level as it looks good for long in its medium-term outlook.
Place winning EigenLayer trades with us. Get EIGENUSD here
Leave a Reply