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Eigenpie (EGPUSD) Establishes a Solid Base at $8.019 High Mark

Johnathon Fox
09/30/2024 | UPDATED ON: 09/30/2024

Eigenpie Price Forecast: September 30

The Eigenpie market sees a significant rally and establishes a solid base at the $8.019 high mark due to increased market activity and investors’ interest. The coin is currently running a bullish race facing high pressure from the bulls. However, the potential breakout from the immediate resistance of $8.019 will support the rising pattern, if the bulls could increase their efforts in the market. The $9.000 upper resistance value might be a target as the coin price rises further, resulting in a great opportunity and a clear buy signal for long-term investors.

Key Levels:
Resistance Levels: $7.000, $7.500, $8.000
Support Levels: $4.500, $4.000, $3.500

EGPUSD Long-term Trend: Bullish (15 Minutes Chart)

The Eigenpie market has gained momentum as it establishes a solid base with high volumes from the bulls in the higher time frame. The price is recovering and remains firm above the EMA-50, suggesting a bullish trend.
Eigenpie (EGPUSD) Establishes a Solid Base at $8.019 High Mark
The sustained bullish pressure at the $7.680 high value in the previous action has made it easier for the crypto to establish a solid base above the supply trend lines in its recent high.

At the writing time, the EGPUSD pair establishes a solid base at the $8.019 high level above the EMA-50, resulting in intraday gains, shortly after the 15-minute chart resumes today. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.

Therefore, a further increase in the buying pressure could lead the price of Eigenpie to retest the $9.499 previous high mark, positively influencing the rising pattern of the crypto, as it establishes a solid base.

In addition, the daily stochastic indicates an uptrend by pointing upwards; hence, there is a tendency for the EGPUSD price to rise further, if the support level holds, potentially leading the coin price to a high of $9.00 upper resistance level soon in its long-term perspective.

EGPUSD Short-term Trend: Bullish (5 Minutes Chart)

The EGPUSD’s short-term outlook displays signs of bullishness and establishes a solid base above the resistance levels due to a high bullish impact. The coin price is trending above the EMA-50 approaching the overhead resistance with huge volumes from the bulls, indicating an upward trajectory.
Eigenpie (EGPUSD) Establishes a Solid Base at $8.019 High Mark
The increase in the momentum by the bulls at the $7.383 supply value in the last few minutes has made it possible for the Eigenpie price to establish a solid base above the supply levels and stay firm in its recent high.

Today, EGPUSD investors established a solid base at the $7.840 high mark above the moving averages as the 5-minute chart opens today, suggesting a continued upward momentum.

Meanwhile, the crypto might surge to hit the $8.192 barrier point if the bullish momentum persists, leading the potential toward a key resistance level at the upper high level.

Furthermore, the Eigenpie price action depicts a beautiful bullish continuation pattern as it remains upwards on the daily stochastic.

Therefore, more gains and strengths are expected from the coin as the bulls continue to dictate the market conditions. The pair may likely reach the $9.000 upper resistance level in the days ahead as it establishes a solid base in its short-term forecast.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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