Eigenpie Price Forecast: October 14
EigenLayer Price eyes a $4.50 supply level as whale buying begins, indicating growing confidence in the asset’s future price potential. The coin is trending after hitting the $3.56 low level to signal a pump. The cryptocurrency will enter a bullish trend if it makes a significant push from its present price at the $3.61 supply value above the supply trend levels. This push might extend to the $4.50 upper barrier level, giving buy traders immediate gains.
Key Levels:
Resistance Levels: $3.59, $3.60, $3.61
Support Levels: $3.23, $3.22, $3.21
EIGENUSD Long-term Trend: Bearish (30- Minutes Chart)
The EIGENUSD market price eyes the $4.50 supply as whale buying begins, boosting the upcoming bullish momentum in its higher time frame. The coin price hints at the next breakout level below the EMA-5, suggesting a bearish trend.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few minutes. However, this will soon be invalidated, as the bull eyes the crucial barrier level while the whale buying begins but has not yet reached its goal.
Following the whale buying that begins today, the EigenLayer price eyes the resistance level as the bulls drove the coin price to the $3.61 high mark below the EMA-50 shortly after the 30-minute chart opens, indicating growing confidence among coin investors.
Therefore, a possible break out from this trend line would strengthen the positive momentum and push the price of EIGENUSD above its previous high of $4.15, indicating robust whale buying activity.
Additionally, the daily stochastic remains in an upward direction, suggesting the whale activity might continue, and this could push the Eigen Layer price to a $4.50 upper resistance level in the upcoming days as it eyes the upper channel following the whale buying activity in its higher time frame.
EIGENUSD Short-term Trend: Bearish (15-Minute Chart)
The EIGENUSD price displays a modest uptick as it eyes the resistance level amid whale buying in its short-term outlook. The coin price is below the resistance levels, implying a bearish trend.
The intervention from the sell traders at the $3.14 low value in the previous action has made the coin price drop below the supply trend line in its recent high.
The market value of EigenLayer eyes the resistance level as it jumped to the $3.61 high level below the moving averages while the whale buying begins shortly after the commencement of the 15-minute chart today, indicating that positive sentiment is returning to the market.
Thus, buyers must add more pressure to their buying activities to move the market beyond the current price level as the whale buying begins.
In addition, the EIGENUSD market is showing more upside possibilities as it remains in an uptrend on the daily stochastic. Hence, the pair may likely grow to reach the $4.50 resistance level soon as it eyes the upper resistance level as whale buying begins in its short-term time frame.
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