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EigenLayer (EIGENUSD) Anticipates Bullish Continuation

Johnathon Fox
12/02/2024 | UPDATED ON: 12/02/2024

EigenLayer Price Forecast: December 2

The EIGENUSD pair is on its way to the overhead trend levels and anticipates bullish continuation at the $ 3.72 resistance value. As bullish sentiment prevails, should the bulls push higher and close above the $4.05 high mark, a shift in the trend to the $4.15 upper high value will be achieved, showing potential for rapid growth.

Key Levels:
Resistance Levels: $3.72, $3.73, $3.74
Support Levels: $2.53, $2.52, $2.51

EIGENUSD Long-term Trend: Bullish (4H Chart)

The EigenLayer pair anticipates bullish continuation as it remains bullish with high volumes from the bulls in its long-term view. The coin price has recently ignited a potential surge above the resistance level, indicating a bullish momentum.
EigenLayer (EIGENUSD) Anticipates Bullish Continuation
Today, the EIGENUSD price anticipates a bullish continuation as it finds reliable resistance at around $3.72 above the EMA-50, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish continuation as it proceeds higher.

Meanwhile, the market price of EigenLayer anticipates bullish continuation as the pair points up on the stochastic, suggesting that the selling pressure has ended. The expected upside in the price could be high at the $4.15 upper resistance value in the coming days in its long-term outlook.

EIGENUSD Short-term Trend: Bullish (1H Chart)

Despite the interference of short-term traders in the price flow, the EIGENUSD pair anticipates a bullish continuation and remains bullish on the short-term outlook. The coin price is progressing above the moving averages, suggesting a bullish trend. The high order flow by the bulls to a $3.53 high level in the past session also added to this bullishness.
EigenLayer (EIGENUSD) Anticipates Bullish Continuation
EigenLayer price on the 1-hourly chart today, is currently facing the upper resistance and anticipates bullish continuation at the $3.72 level above the EMA-50, indicating that the crypto may proceed higher.

The coin price is gaining notable traction; if the bulls can increase their buying motives, the EigenLayer price might surge to hit the $4.09 barrier level, showing potential for rapid growth.

However, there is a possibility of a further increase in the price of EIGENUSD if the buy traders increase their price actions and all the current support level holds. As a result, the coin price might reach the $4.15 high mark soon, as the crypto anticipates a bullish continuation in its short-term time frame.

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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.

View all posts by Johnathon Fox →
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