EigenLayer Price Forecast: December 4
EIGENUSD price might grow more as the pair experiences a remarkable rally while making new corrections. The price tested the multiple resistance zones near $3.70, and we expect a swift increase to follow soon. Hence, the coin price might jump towards the $4.15 supply level amid renewed buying momentum if the sell traders reduce their tension in the market.
Key Levels:
Resistance Levels: $3.72, $3.73, $3.74
Support Levels: $2.53, $2.52, $2.51
EIGENUSD Long-term Trend: Bullish (4H Chart)
Today, the EigenLayer price will grow more as the market shows a promising sign of recovery and remains pressured above the crucial level, implying a significant upward trend in its higher time frame.
The sustained order flow by the bulls to the $3.72 supply value in the last session has enabled the EIGENUSD market to grow more and retain its bullish strength in its recent high.
Today, the bull race skyrocketed the price of EigenLayer from a $3.52 level to a $3.79 high value above the moving averages, indicating that the token price will grow more as the journey proceeds higher on the 4-hourly chart. However, buying the crypto during this period could prove profitable.
Notably, this sharp dive in the EIGENUSD price accentuates that the excess buying pressure has stabilized, and the price will grow more if the market sentiment doesn’t witness any unfavorable situation. With this new phase, the token price may grow more to reach a $3.90 upper high level soon in its higher time frame.
EIGENUSD Short-term Trend: Bullish (1H Chart)
Despite the interference from the sell traders on the lower time frame, the EIGENUSD pair anticipates growing more as it remains in an upward move.
The bulls have the market price at their disposal as the price bars are above the moving averages, implying a bullish trend. The high order flow by the bulls to a $3.75 high level in the previous session also added to this bullishness in its recent growth.
The market price of EigenLayer will grow more as it increases to a $3.79 high level above the EMA-50 as the 1-hourly session opens today, suggesting an improved bullish market sentiment. Thus, closing the 1-hourly session above the $4.11 barrier will increase the investors’ interest and optimism in the asset, putting the trade more on the buying side.
Next, if additional selling power is prevented, a post-retest rally may drive the EigenLayer prices high to hit the $4.15 upper resistance soon in its lower time frame.
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