EigenLayer Price Forecast: October 21
In the last 24 hours, the EigenLayer market has experienced a renewed recovery as it trades above the $3.65 supply mark as the pioneer digital asset Bitcoin rebounded from $60,000. The token witnessed a sharp recovery. In case the bulls’ pressure breaks up the resistance level of $4.01, the coin price may increase further to a $4.15 high trend line, which indeed will be a turnaround for the coin holders, allowing investors to grab high-momentum traders
Key Levels:
Resistance Levels: $3.67, $3.68, $3.69
Support Levels: $3.20, $3.19, $3.18
EIGENUSD Long-term Trend: Bullish (1H Chart)
EIGENUSD remains bullish and trades strongly above the supply trend levels in the higher time frames. The prices are trading above the moving average lines, indicating an uptrend.
However, the previous action at the $3.57 high level in the past session has sustained the coin price to trade strongly and remains above the trend line in its recent price level.
The EigenLayer is gaining traction among crypto investors as it trades strongly above the supply level at $3.69 as the 1-hourly chart resumes today, providing a dynamic move amid new market changes.
Meanwhile, if the current trend persists, the EIGENUSD price may rise to retest the $4.01 barrier level, suggesting a potential continuation of the uptrend.
Notably, the EigenLayer pair indicates an uptrend on the daily stochastic, implying that the coin price may continue in a bullish pattern and trade strongly to reach the $4.1 upper resistance level soon as it trades strongly above the supply mark in its higher time frame.
EIGENUSD Short-term Trend: Bullish (15-Minute Chart)
The EIGENUSD pair turns positive today. The price also trades strongly above the supply levels in its short-term frame. This looks nice for the buy trader and signifies a buy signal. 
The coin has been interfering with the long traders which made it possible for it to maintain upward strength and trade strongly above the supply levels in its recent high.
The EigenLayer price rises to a $3.69 supply level above the EMA-50 shortly after the commencement of today’s 15-minute chart, following the recent threat of increasing. This will allow the buy traders to further ladder up the trend. Meanwhile, pushing the crypto price above the supply zone requires buyer participation.
However, if the buy traders increase their price actions and all the current support levels hold, the price of EIGENUSD might increase further. A psychological level at the $4.15 supply level might be reached soon as it trades strongly above the resistance levels in its short-term time frame.
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