EigenLayer Price Forecast: November 13
EigenLayer price will grow further as the coin market recently saw a sharp rise in value, capturing investor interest with its robust performance. The coin price will grow further and is an opportunity for long-term investors. If the current support at $3.02 value holds, and the 4-hourly chart closes above the $3.76 resistance level, then there is a high probability of the price going up to its recent swing high at $3.81, resulting in an intraday gain for the coin buyers.
Key Levels:
Resistance Levels: $3.12, $3.13, $3.14
Support Levels: $2.89, $2.88, $2.87
EIGENUSD Long-term Trend: Bullish (4H Chart)
The EIGENUSD price will grow further as bullish momentum builds for the crypto in its long-term outlook. The price opened lower but has remained in the green over the past few hours. The price currently trades above the EMA-50, suggesting a bullish trend. 
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to grow further and remain in an upward trend zone in its recent high.
An increase to the $3.13 supply value above the EMA-50 as the 4-hourly session opens today suggests the EigenLayer price will grow more, propelling further gains.
The market participants are responding to this pattern, and its breakout should offer a good entry opportunity for coin buyers as it is poised to grow further.
Meanwhile, further upsides are likely as the price signal is pointing upwards, indicating that the EIGENUSD price will grow more and continue with the upbeat rally to break up the $3.81 resistance value and extend to meet the $4.00 upper resistance level in the coming days as the coin price grows further in the higher-term time frame.
EIGENUSD Medium-term Trend: Bearish (1H Chart)
The EIGENUSD market suggests the coin price will grow further as it begins its bullish rally below the supply trend levels, indicating a bearish trend in the medium-term outlook. 
The price bars are below the moving averages due to the high impact of the short-term traders on the price flow. However, the bulls are set to increase the trend and may grow further to break up the resistance level soon.
The bearish pressure at the $3.00 support level in the past few hours has made the coin stay below the supply trend levels in its recent high.
The EigenLayer price at a $3.13 resistance value below the moving averages as the 1-hourly session opens today implies that the crypto price will grow further as the bulls are returning gradually to command the EIGENUSD’s price actions.
Thus, the coin price will grow further if the buy traders can add more pressure to their buying actions in the market. However, with sustained investors’ enthusiasm, the coin price could reach as high as $3.45, denoting a rise in volatility.
Further, the daily stochastic indicates an uptrend; in this case, the price of EigenLayer might continue its bullish trend pattern and the price could grow further to reach the $4.00 supply mark sooner in its medium-term horizon.
Place winning EigenLayer trades with us. Get EIGENUSD here
Leave a Reply