• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

EigenLayer (EIGENUSD) Price Remains Pressured above the Supply Value

Johnathon Fox
11/27/2024 | UPDATED ON: 11/27/2024

EigenLayer Price Forecast: November 27

Amidst market optimism, EigenLayer price remains pressured above the supply value reflecting heightened traders’ engagement. The coin is trying hard not to fall by resisting sellers, in case the bulls’ pressure breaks up the resistance level of $3.45, the coin price may increase further to a $3.80 high trend line, increasing investors’ confidence in the asset.

Key Levels:
Resistance Levels: $3.08, $3.09, $3.10
Support Levels: $2.42, $2.41, $2.40

EIGENUSD Long-term Trend: Bullish (4H Chart)

The price of EIGENUSD remains pressured above the supply value, reflecting robust bullish momentum as the broader cryptocurrency market rallies. The coin price is trending toward the upper resistance channel above the supply levels, confirming a high bullish trend.
EigenLayer (EIGENUSD) Price Remains Pressured above the Supply Value
The bulls’ pressure on the coin to the $3.00 supply value in the last session has enabled the crypto price to remain pressured above the supply trend levels in its recent high.

At the writing time, the EigenLayer price increases and remains pressured above the EMA-50 at $3.07 supply value as the 4-hourly session opens today, shaping the price trajectory as it approaches the anticipated target.

Hence, a strong push by the bulls may increase the coin price to retest the $3.45 barrier and target a point at the upper channel.

However, there is a possibility of a further increase in the price of EIGENUSD if the buy traders increase their price actions and all the current support level holds; a resistance level at $3.80 might be reached soon in its long-term perspective.

EIGENUSD Short-term Trend: Bullish (1H Chart)

The EIGENUSD pair remains pressured above the supply levels as it anticipates growing more in its short-term outlook. The coin price is above the supply levels due to a high bullish impact, suggesting a strong bullish momentum.
EigenLayer (EIGENUSD) Price Remains Pressured above the Supply Value
Sustained pressure by the long traders at a $2.82 high level in the last session has increased the coin value above the supply levels in its recent high.

Buyers’ actions have kept the EigenLayer price pressured above the supply value at $3.08 as the 1-hourly chart opens today and the broader cryptocurrency market rallies. Hence, more gains are possible if the bulls put extra effort into the price action.

Furthermore, the daily stochastic signals an uptrend. Suppose the bulls could push harder and sustain the EIGENUSD price above the previous high of $3.24. In that case, the resulting rally may surpass the $3.45 level and hit the $4.00 upper resistance level in the days ahead in its lower-term perspective.

Place winning EigenLayer trades with us. Get EIGENUSD here

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « GBPUSD Struggles Below the 1.2600 Ceiling
Next Post: Lucky Block Price Prediction: LBLOCKUSD to Retest the $0.0000398 High Level »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US