EigenLayer Price Forecast: December 18
The EIGENUSD pair indicates a potential breakout and keeps to its bullish path amid rising market confidence. The token anticipates a bullish continuation as the price climbs steadily and draws investors’ attention to its impressive rally despite slight market corrections. If the coin holders could prove stronger and the price shows sustainability above the $5.45 previous high value, its upside moves could extend further to reach a $5.80 high level.
Key Levels:
Resistance Levels: $5.39, $5.40, $5.41
Support Levels: $3.62, $3.61, $3.60
EIGENUSD Long-term Trend: Bullish (4H Chart)
The EIGENUSD pair keeps to its bullish path and remains bullish in its long-term view. The price is above the EMA-50, indicating a bullish trend and the high impact of buyers on the asset.
The sustained bullish pressure to the $5.36 high value in the last few days has enhanced the EigenLayer price to keep to its bullish path in its recent high.
The momentum continues today after a few drops by the sell traders, as the EIGENUSD price keeps to its bullish path and makes a corrective move to a high at the $5.41 mark above the supply levels as the 4-hourly chart opens today.
A potential upswing might confirm a bullish recovery if buyers break above the December 6th high of $5.20. The post-breakout rally could drive the price back to the $5.80 previous high level.
Hence, new entries by the buy investors toward the higher side are likely as indicated by the momentum indicator pointing in an upward direction, the EigenLayer bulls could therefore aim at the $5.80 resistance value in the days ahead as the crypto keeps to its bullish path in its long-term perspective.
EIGENUSD Short-term Trend: Bullish (1H Chart)
Despite the interference of short-term traders in the price flow, the EIGENUSD price keeps on its bullish path. The coin price is progressing upward above the resistance trend line towards the upper resistance levels, indicating that buyers are gaining more strength in the market.
The bull’s pressure on the currency pair at the $5.10 resistance level in the previous action further led to a rise in the coin price in its recent high.
Today, the coin price keeps to its bullish path as the bulls made an upward move to the $5.39 high value above the supply trend levels as the 1-hourly chart opens, providing an entry opportunity for interested traders.
The EigenLayer price looks promising as the bulls remain dominant in the market at the moment. If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains upward. Hence, if the coin buyers surge above the $5.67 previous supply trend line, the market participants may witness a new recovery rally, and this may reach the $5.80 high mark in the days ahead in its lower time frame.
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