EigenLayer Price Forecast: November 23
Today, the EigenLayer market is seeing some developments, suggesting its buying time is now as the coin price recently touched a new all-time high of $2.81. There is a possibility for the coin price to keep rising if the buying pressure persists and all support levels hold. The next price level to watch for might be the $3.45 resistance and extend to meet the $3.80 upper high level, signaling a potential market shift.
Key Levels:
Resistance Levels: $3.01, $3.02, $3.03
Support Levels: $2.35, $2.34, $2.33
EIGENUSD Long-term Trend: Bullish (4H Chart)
EIGENUSD buying time is now as the coin market remains bullish and trades strongly above the supply trend levels in its higher time frames. The prices are trading above the moving average lines, indicating an uptrend.
However, the sustained bullish pressure to a $2.26 high level in the past session has enabled the EigenLayer pair to reach its buying time now and trade strongly above the trend line in its recent high.
The crypto’s price suggests its buying time is now as it rises to a $2.81 supply level above the EMA-50 as the 4-hourly chart opens after the recent threat of increasing.
Moreover, the price pattern warns of prolonged buying with the double bottom forming in the long-term chart. So, should you avoid buying this hike?
Meanwhile, if the current trend persists, the EIGENUSD price may surge to retest the $3.45 barrier level, suggesting a potential buy signal for the coin buyers.
Notably, the EigenLayer pair indicates an uptrend on the daily stochastic, implying that the coin price may continue in a bullish pattern. Hence, buyers might push the token price further to a significant level, and in this case, the target might be the $3.80 supply level as the pair indicates its buying time is now in the higher time frame.
EIGENUSD Short-term Trend: Bullish (1H Chart)
On the medium-term view, the EIGENUSD pair is in a resistance zone, suggesting its buying time is now. Firstly, the crypto has broken above theEMA-50 at the upper resistance level, indicating strong buying momentum. 
The price is moving in an uptrend in the H1 timeframe, making higher highs and moving towards the overhead resistance. Pressure from the bulls at the $2.36 high value in the previous action has sustained its upward stability in its recent high.
Today’s 1-hourly bullish candle at a $2.81 supply mark above the moving averages confirms the bulls’ dominance in the market and the buying time is now. If the momentum remains strong, the EigenLayer price may surge to surpass the $2.81 current price level, suggesting shifting momentum in favor of bulls.
Additionally, the EIGENUSD price indicates the buying time is now as the price remains upwards. As a result, more gains and strength from the coin may reach the $3.80 resistance level in the days ahead in its medium-term perspective.
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