EigenLayer Price Forecast: November 20
The EigenLayer price can retest its prior supply level at $3.68 as the new recovery action begins, aligning with the November crypto market rally. Should the bulls push higher and close above the $3.45 resistance value. The post-retest rally may drive the prices high to hit the $3.68 supply and extend further to meet the $4.00 upper resistance level. Hence clear buy signal for the coin investors.
Key Levels:
Resistance Levels: $2.49, $2.50, $2.51
Support Levels: $2.30, $2.29, $2.28
EIGENUSD Long-term Trend: Bearish (4H Chart)
The EIGENUSD pair aims to retest the $3.68 supply value as the coin traders begin the upbeat trend in higher times. The prices are facing the resistance lines, indicating an uptrend.
The sustained bearish pressure at the $2.32 support value in the last session has made the crypto price remain below the supply trend levels in its recent high.
Today’s EigenLayer price trades at a 4-hourly high of $2.48 below the supply levels, suggesting the bulls are making a recovery attempt to retest the $3.68 peak level amid new market changes.
Meanwhile, if the current trend persists, the EIGENUSD price may surge to retest the $3.68 barrier level, suggesting a potential uptrend.
Notably, the EigenLayer pair indicates an uptrend on the daily stochastic, implying that the coin price may continue the bullish correction to reach the $4.00 upper resistance level in the coming days in its higher time frame.
EIGENUSD Short-term Trend: Bearish (1H Chart)
The EIGENUSD pair aims to retest the previous high mark following the returns of coin buyers to stage a play. In its short-term frame, the price is below the supply levels, denoting a bearish trend. 
The coin’s interference with the bears at the $2.27 support level in the last session has dropped the price below the supply levels in its recent high.
The EigenLayer price rises to a $2.48 supply level below the EMA-50 shortly after the commencement of today’s 1-hour chart, following the recent threat of increasing. Meanwhile, pushing the crypto price above the supply zone requires buyers’ participation.
However, there is a possibility of a further increase in the price of EIGENUSD if the buy traders should increase their price actions. The price is likely to retest the $3.25 previous high and extend to hit the $4.00 resistance levels in the upcoming days in its short-term time frame.
Place winning EigenLayer trades with us. Get EIGENUSD here
Leave a Reply