EigenLayer Price Forecast: November 6
The EigenLayer buyers might take the lead in the market as the bullish run could increase further amidst the market slump. If the buy traders could significantly raise their pressure and all the support holds, the 1-hourly candle may break up the $3.07, setting the potential for a potential climb to the $3.50 upper supply level and beyond, indicating a strong buy signal for the long traders.
Key Levels:
Resistance Levels: $2.40, $2.41, $2.42
Support Levels: $2.22, $2.20, $2.19
EIGENUSD Long-term Trend: Bearish (1H Chart)
Following a brief market rebound, EigenLayer’s bullish run may increase further as the pair witnesses gradual growth in its higher time frame due to increased buying volume. The price is below the supply levels, suggesting a bearish trend.
The sustained bearish pattern to a $2.35 support level in the last session has contributed to the EIGENUSD bearishness in its recent price level, but it now appears like the bulls are set to take control and drive us upward as the new bullish run may increase further, while they resume upside correction.
The bulls caused an increase in the market value of EigenLayer to a high of $2.40 below the moving averages as the 1-hourly session opens today, suggesting a pullback that may attempt the $3.07 previous barrier level.
Such a move suggests that the bullish run may increase further as buyers return to the crypto market to stage a play. As a result, the bulls have more strength to keep moving higher.
Further, the stochastic oscillator signals an uptrend at around level 79%, suggesting the bullish run may increase further and set the stage for a potential climb to the $3.50 upper resistance level before the bears take over in the long term.
EIGENUSD Short-term Trend: Bullish (15-Minute Chart)
The EIGENUSD pair is bullish. The chart below indicates that the bullish run may increase further and even targets a critical level as it trades above the supply levels, indicating a bullish trend in its short-term outlook. 
Today’s 15-minute chart opens on a bullish note at the $2.38 supply level and further jumps to a high at the $2.40 resistance mark above the moving averages, implying that the bullish run may increase further as the buy traders are having the market price of EigenLayer at their disposal.
Thus, if EIGENUSD’s price could sustain above the $2.48 high level, the potential rally may increase further to hit a significant level at the upper side.
The signal of the stochastic oscillator pointing up suggests the overall outlook shows upward momentum and may increase further to a $3.50 upper resistance level in the days ahead, offering a good entry point for the long traders in the lower time frame.
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