EigenLayer Price Forecast: December 7
With Bitcoin reaching the historic $100k, EIGENUSD price is positioned to shoot higher to witness majestic gains. Having finished the downward correction, if the coin prices sustain above the $4.35 peak value, the bulls’ trend would continue upward and may possibly hit the $ 4.50 upper high level, resulting in a buying opportunity for the coin investors.
Key Levels:
Resistance Levels: $3.95, $3.96 $3.97
Support Levels: $3.09, $3.08, $3.07
EIGENUSD Long-term Trend: Bullish (4H Chart)
The EIGENUSD pair is positioned to shoot higher with rising investors optimism and looks good for a long as it portrays a bullish market trend in its long-term outlook. The coin has surged above the supply levels, following the rising demand in Bitcoin price recently.
Pressure from the bulls to the $3.92 supply point in the last session has enabled the coin market to look good for a long and remain above the supply trend levels in its recent high.
Today, the EigenLayer market price is positioned to shoot higher as it rises to a $4.18 resistance level above the EMA-50 as the 4-hourly session resumes, signaling strong market optimism as market sentiment continues to strengthen.
Thus, if the bulls breach the $4.35 resistance, the next uptrend level to watch out for would be around the $4.50 upper high level, leading to a buy signal for coin investors.
In addition, the underlying sentiment suggests the EIGENUSD price is positioned to shoot higher in the coming days as indicated by the daily stochastic. It is expected that buyers to push the price of EigenLayer to a significant level and in this case, the target might be a $4.50 supply point in the higher time frame.
EIGENUSD Short-term Trend: Bullish (1H Chart)
The EIGENUSD price is positioned to shoot higher and 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 from the last session, making it possible for the crypto to look good for a long and repositioned to shoot higher in its recent high.
EigenLayer is losing bearish momentum as it shoots higher to a $4.19 level above the moving averages today due to a bullish impact on the market price.
However, with sustained investors’ enthusiasm, the coin price could reach as high as $4.35, denoting a rise in volatility.
Similarly, the EIGENUSD price is positioned to shoot higher as shown by the momentum indicator pointing up. More gains and strength from the coin may drive the price to hit the $4.50 upper resistance level in the days ahead in its medium time frame.
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