EigenLayer Price Forecast: December 9
The EIGENUSD pair anticipates a bullish continuation as the price climbs steadily and draws attention to its impressive rally despite slight market corrections. If the sell traders reduce their tension in the market, the coin might jump toward the $5.20 previous peak value amid renewed buying momentum. Hence, a bullish continuation pattern is ascertained.
Key Levels:
Resistance Levels: $4.50, $4.51, $4.52
Support Levels: $3.37, $3.36, $3.35
EIGENUSD Long-term Trend: Bullish (4H Chart)
The EIGENUSD pair anticipates a bullish continuation and remains bullish in its long-term view. The price is above the EMA-50, indicating a bullish trend and buyers’ high impact on the asset.
The sustained bullish pressure in the past few days has made the cryptocurrency price remain above the supply trend at its recent high.
The bulls anticipate bullish continuation as the EigenLayer price rises to a high of $4.52 level above the EMA-50 as the 4-hourly session opens today. Hence, to predict a bullish rise in the market above the $5.20 resistance point, buyers must step up their efforts.
Additionally, the EIGENUSD pair is approaching the oversold region of the daily stochastic, suggesting a possibility of a bullish continuation soon. As a result, the price of EIGENUSD could pump or surge upsides to hit the $5.50 upper resistance value soon in its higher time perspective.
EIGENUSD Short-term Trend: Bullish (1H Chart)
The EIGENUSD pair anticipates a bullish continuation pattern as it indicates an upward momentum in its short-term view. The bull’s pressure on the currency pair at the $4.51 resistance level in the previous action further led to an increase in the price of the asset in its recent high.
The price movement of EigenLayer to a $4.52 high level above the EMA-50 as the hourly chart commences today, suggests or anticipates a bullish continuation pattern as the bulls strengthen their grip over the asset.
Additionally, this sharp dive in the EIGENUSD’s price anticipates a bullish continuation and accentuates that the excess buying pressure has stabilized.
The token price could rise again if the market sentiment doesn’t witness any unfavorable situation. With this new phase, the price may surge to reach a $5.50 high level in the days ahead in its lower time frame.
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