EigenLayer Price Forecast: November 4
Today, the EIGENUSD price may proceed higher. The pair is about to make the noise again in the crypto charts, with a 0.72% rise after long hours of low dips. The coin just sent a signal that the bulls are still strong. Amid the selling pressure, the coin gave a bullish breakout from the $2.35indicating more jumps ahead. Therefore, if buyers can put more effort into their tension in the market, a shift in the trend to the $3.07 barrier level could be achieved, signaling the potential for significant gains.
Key Levels:
Resistance Levels: $2.38, $2.39, $2.40
Support Levels: $2.15, $2.14, $2.13
EIGENUSD Long-term Trend: Bearish (1H Chart)
The EigenLayer price may proceed higher as it steadily recovers, experiencing heightened volatility and investors’ interest in its higher time frame. The coin price has recently ignited a potential surge approaching the resistance level, indicating 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 days.
However, this will soon be invalidated and the crypto price may proceed higher as the pair has just resumed its rising pattern but has not yet reached its goal.
The EIGENUSD pair has completed its correction and therefore proceeded higher to the $2.35 level below the EMA-50, setting for an upswing as the 1-hourly chart opens today.
The sudden jump in EigenLayer price projects a potential challenge to the resistance trend line. A potential bullish crossover above the previous high of $3.07 moving signal line projects a buy signal, as it proceeds higher.
The market price of EIGENUSD is pointing up in the oversold region, suggesting that the momentum in the coin price will likely remain and continue in an upward move. We can now expect the next jump by the bulls to reach a $3.50 upper resistance level in the days ahead as it proceeds higher in its higher time frame.
EIGENUSD Short-term Trend: Bullish (15-Minute Chart)
The EIGENUSD pair may proceed higher as it approaches the resistance levels with a more bullish impact in its short-term outlook. The coin price is below the resistance levels due to a high bearish impact, suggesting a bearish momentum. 
Despite the interactions from the short traders, the bulls caused a rise to a $2.34 high level below the EMA-50 shortly after the commencement of the 15-minute chart opens today, indicating that the crypto may proceed higher. Thus, buyers must add more pressure to their activities to move the market beyond the current price level.
It’s worth noting that the upward trajectory could face another barrier near the next resistance level at $2.83. A breakout above this level could propel EigenLayer to proceed higher by 20% towards the upper resistance level.
Similarly, more jumps are ahead as the EIGENUSD price suggests an uptrend on the daily signals pointing upwards, indicating that the selling pressure is not likely to continue.
In light of this, the bulls may proceed higher to reach the $3.50 high value in the days ahead in its short-term outlook.
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