EigenLayer Price Forecast: November 18
A keen look at the EigenLayer structure depicts the coin price will grow further as the journey to the overhead resistance trend levels begins. If the current support at $2.35 value holds, and the 4-hourly chart closes above the $3.76 resistance level, then there is a high probability of the price growing further to hit the $4.00 upper resistance level, resulting in an intraday gain for coin buyers.
Key Levels:
Resistance Levels: $2.50, $2.55, $3.00
Support Levels: $2.40, $2.35, $2.30
EIGENUSD Long-term Trend: Bearish (4H Chart)
The return of the coin buyers on the higher time frame suggests that the EIGENUSD price will grow further. The coin portrays a bearish trend as prices are below the supply levels. However, the crypto is set to grow further as bulls are gradually returning to the market, eyeing the overhead resistance levels.
The bearish pressure at the $2.37 support level in the past few hours has made the coin stay below the supply trend levels in its recent price level.
The EigenLayer price at a $2.50 resistance value below the moving averages as the 4-hour chart commences today, is an indication that the coin price will grow further as the bulls are returning gradually for an increase in the coin price and 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.
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 long-term outlook.
EIGENUSD Short-term Trend: Bullish (1H Chart)
The EIGENUSD price will grow further as the crypto depicts a slightly bullish trend in the medium-term outlook. The price currently trades above the EMA-50, indicating a bullish trend. This breakout triggers a smooth bull cycle pattern and may grow further to an overhead trend line. 
The bulls’ pressure on the currency pair to a $2.40 high mark 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 $2.48 supply value above the EMA-50 as the 1-hour session resumes today suggests the returns of the buy traders in the market and the coin price will grow further. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity for interested traders.
Meanwhile, further upsides are likely as the price signal is pointing upwards, indicating that the upward rally will continue and the EigenLayer price will grow further to break the $3.45 resistance value and extend to reach the $4.00 supply value soon in the short-term time frame.
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