Eigenpie Price Forecast: October 7
The EIGENUSD pair resumes upside correction as it steadfastly clings to the resistance levels despite pressures that could drive it lower. The coin is moving upward, and if all support levels hold and resistance breaks out of the $ 3.67 level, we can see a further change in the price to reach the $4.00 upper high mark, resulting in a favorable market shift.
Key Levels:
Resistance Levels: $3.47, $3.48, $3.49
Support Levels: $3.09, $3.08, $3.07
EIGENUSD Long-term Trend: Bearish (15-Minute Chart)
Following a brief market rebound, EigenLayer resumes upside correction as signs of fresh correction are emerging in its higher time view.
The crypto price has fallen below the supply trend lines due to the bears’ pressure, which brought it to a low of $3.10 in the last session, but it now appears like the bulls are set to take control and drive us upward as they resume upside correction.
At the writing time, the EIGENUSD price responded to the shift in the market structure and resumed its upside correction with its current price at a $3.11 supply level below the moving average as the 15-minute chart opens today. Further increase in the buying pressure will invalidate any further bearish thesis.
However, the EigenLayer market will witness a bullish breakout to touch the $3.67 previous barrier if more aggression is added to the bullish momentum, as the upside correction continues.
The EigenLayer price value is approaching the upper channel; therefore, if the bulls increase their tension in the market, the price tendency will move above the $3.65 barrier and set the potential for a better and higher rally.
Additionally, the daily stochastic suggests an uptrend, indicating the upside correction may continue, and in this case, the resulting rally could hit the $4.00 upper resistance level in the days ahead as it resumes the upside correction in the long-term forecast.
EIGENUSD Short-term Trend: Bullish (5-Minute Chart)
The EIGENUSD pair resumes upside correction as prices are trending toward the resistance area, suggesting a recovery attempt in its short-term outlook. 
The coin price is below the resistance levels due to new traders joining the market, suggesting a bearish momentum, anticipating to be bullish soon as it resumes its upside correction.
The price of EigenLayer is still moving upwards at the $3.11 supply value below the EMA-50 despite the sell traders’ movements as the 5-minute chart opens today, resulting in an intraday gain for the coin buyers.
Hence, there is a tendency for the EIGENUSD price to soar above the $3.27 barrier level as the coin price resumes its upside correction.
Also, the market is currently trending upward as shown by the daily stochastic, indicating that the upside correction might continue and this could get to the $4.00 upper resistance level in the upcoming days as the crypto resumes the upside correction in its short-term outlook.
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