EigenLayer Price Forecast: October 28
The EIGENUSD pair saw a significant correction today. The crypto reverses as the price starts to increase, with emerging reversal patterns and growth following the pioneer digital asset Bitcoin. The cryptocurrency is rising after signaling a pump at the low level of $2.72. Therefore, if the crypto intensifies from its present price at the $2.84 supply value above the moving average line, it will enter a bullish trend. The buy traders may see immediate gains if this push continues to the $3.80 resistance area.
Key Levels:
Resistance Levels: $2.80, $2.90, $3.00
Support Levels: $2.50, $2.40, $2.30
EIGENUSD Long-term Trend: Bearish (1H Chart)
The EigenLayer pair shows strength as it reverses and increases below the supply, indicating a bearish trend pattern in its higher time frame. The coin is trading below the EMA-50, confirming its bearish trend. 
The sustained bearish pressure at the $2.76 support value in the last session has made the coin price drop below the supply levels and start to increase in its recent price level.
At the time of writing, the EIGENUSD price reversed and increased to the $2.84 high value below the EMA-50 as the 1-hourly chart opens today, demonstrating remarkable resilience in a correcting market.
Hence, a breakout from the $2.84 current supply to hit the $3.80 previous barrier level could attract momentum buyers to potentially start to increase the crypto price towards the $4.00 peak level, indicating a strong possibility for a bullish correction.
Additionally, the daily stochastic remains upward. Hence, as the EIGENUSD price reverses and starts to increase, if buyers can break above the $3.80 previous supply trend line, the market participants may witness a new recovery rally to the $4.00 upper high mark in the coming days as the price reverses and starts to increase in its long term forecast.
EIGENUSD Short-term Trend: Bearish (15-Minute Chart)
The EIGENUSD price bar is seen below the moving averages as it reverses and starts to increase in its short-term outlook. The intervention from the sell traders at the $2.76 low value in the previous action has made the coin price reverse and start to increase below the supply trend line in its recent high.
The market value of EigenLayer reverses and starts to increase to the $67.26 resistance level below the moving averages shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market. Thus, buyers must add more pressure to their activities to move the market beyond the current price level.
Furthermore, the daily stochastic moving upward indicates more upside potential in the EIGENUSD market as it reverses and starts to increase; we may anticipate further gains and strength from the coin.
The coin price may surge high to reach the $4.00 upper high mark in the next few days as it reverses and starts to increase in its short-term outlook.
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