EigenLayer Price Forecast: December 16
The EIGENUSD price can increase to the $5.45 resistance level as the crypto markets are gearing up for substantial recovery and gains. Should the bulls defend the selling pressure, an increase in the bulls’ momentum may break the resistance level at $5.20 and increase the token price to a $5.45 upper high trend line, reflecting a broader bullish market trend.
Key Levels:
Resistance Levels: $5.43, $5.44, $5.45
Support Levels: $3.37, $3.36, $3.35
EIGENUSD Long-term Trend: Bullish (4H Chart)
EigenLayer price may increase to the upper resistance level as the bulls remain dominant, taking the crypto market to new resistance trend levels in the higher time frames. This is clear as the prices are trading above the EMA-50, suggesting a bullish momentum. 
The high order flow from the bulls at the $4.99 high level in the last session also added to this bullishness and enabled the coin price to increase above the supply levels in its recent high.
The EIGENUSD price increased to a $4.78 supply level above the EMA-50 as the bulls took to their stand to resume the bullish trend. Hence, staying above the EMA-50 indicates a strong possibility for a bullish correction. A breakup and increase above the $5.20 resistance point would strengthen the bullish pressure on the cryptocurrency.
Further, the EIGENUSD price is up on the daily indicator, suggesting an increase in the crypto price. In light of this, the upcoming development may drive the crypto price to test the previous high at $5.45 and increase to the $5.60 upper resistance trend line in the days ahead in its higher time frame.
EIGENUSD Short-term Trend: Bullish (1H Chart)
EigenLayer’s price is in a bullish market and may increase above the crucial resistance levels as it begins to trend above the moving average in its short-term outlook. Further, the coin is slightly above the moving average of 50, indicating a bullish trend. 
The bulls increased the EIGENUSD price to the $4.78 resistance level above the EMA-50 as the 1-hourly chart resumes today. However, the buy traders could not relent, as they aimed to drag and increase the token price to a significant level. However, with sustained enthusiasm, the coin price could increase and reach a high of $5.23, denoting a rise in volatility.
Notably, the bullish correction at the mentioned resistance level indicates that the bulls are planning to increase the price of EigenLayer to a high level, and the $5.45 supply trend line might be the target in the future in its lower time frame.
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