EigenLayer Price Forecast: November 2
The EIGENUSD pair is eyeing a break above its ATH at the $3.25 resistance mark as it resumes upside correction. The coin is moving upward if the buy investors can prove stronger up the more, and the price shows sustainability above the $3.25 resistance value; its upsides should extend further to reach the $3.80 upper resistance level, suggesting high volatility and market certainty.
Key Levels:
Resistance Levels: $2.68, $2.69, $2.70
Support Levels: $2.40, $2.39, $2.38
EIGENUSD Long-term Trend: Bearish (1H Chart)
The EIGENUSD resumes its upside correction, eyeing a break above the $3.25 resistance level as signs of fresh correction emerge in its higher time frame.
The sustained bearish pressure to a $2.39 low mark in the past action has made the cryptocurrency price remain below the supply trend levels in its current high level.
Further, the bulls’ commitment has turned around the EIGENUSD price as it begins the correction, eyeing a break above the crucial resistance point.
A rise to a $2.69 high level below the EMA-50 by the bulls as a pullback shortly after the hourly chart opens today is eyeing a break above the resistance point
to stabilize the returns of the long traders in the market.
Thus, the price of EigenLayer is set to advance further if the bulls can redouble their efforts and push above the $3.25 previous resistance mark.
Meanwhile, further downsides are unlikely as the market price of EIGENUSD suggests an uptrend on the daily signal. The crypto market is eyeing a break above the resistance mark; therefore, we can now grow in confidence that a potential buy is coming near.
In light of this, the price jump could hit the 3.80 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its long-term perspective.
EIGENUSD Short-term Trend: Bearish (15-Minute Chart)
The EIGENUSD pair is eyeing a break above the resistance point as it resumes its bullish rally in its short-term outlook. The sell traders’ move to the $2.20 support level before the end of the last session has contributed to EigenLayer’s bearishness in its recent price level.
The market price of EIGENUSD pulled back to $2.28 and increased to the $2.69 high level below the moving averages as the 15-minute session opens today. The market is eyeing a break above the $3.02 resistance to attract more buyers and improve bullish market sentiment. Thus, closing the 15-minute session above the $3.02 supply level will put the trade more on the buying side.
Notably, the EIGENUSD pair is pointing upwards at around the 31% range of the daily stochastic, suggesting the pair might continue the rising pattern as it eyes the resistance point. Hence, the crossover could encourage the breakout rally to hit the $3.80 supply level in the days ahead, eyeing a break above the supply mark in its short-term time frame.
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