EigenLayer Price Forecast: October 30
EIGENUSD price is increasing towards the $3.53 resistance level at the moment and might move higher above the current market price at the $2.81 high value if buyers should exert more force into the price action in the market, the $3.53high trend line might be retested soon. Thus, a clear buy signal and intraday gain for the coin buyers.
Key Levels:
Resistance Levels: $2.80, $2.81, $2.82
Support Levels: $2.50, $2.49, $2.48
EIGENUSD Long-term Trend: Bearish (1H Chart)
The EIGENUSD price is increasing towards the resistance levels as a result of renewed investors’ interest in the asset in the higher time frames. The price bars are below the moving average line, trending toward the resistance level, indicating a bearish trend.
However, the last action by the bears to a $2.72 low level in the past session has dropped the crypto price below the supply levels in its recent high. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the EIGENUSD buy traders as it increases towards the resistance zone.
The bull’s action towards the resistance level at $2.81 earlier today indicates that bullish sentiment is about to return to the market. This has extended the coin price to the retest of the previous high of $3.53.
Additionally, if EigenLayer buyers can hold above the $3.53 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could increase towards the $3.60 upper resistance value soon in its long-term outlook.
EIGENUSD Short-term Trend: Bullish (15-Minute Chart)
The EIGENUSD pair turns positive on the short-term outlook. The coin price is increasing towards the upper resistance channel and remains in a bullish trend market. 
The sustained bullish move to the $2.72 supply value on the 27th of October has made it possible for the coin to stay above the trend line and remain stronger in its recent high.
The EigenLayer price is increasing towards overhead resistance at the $2.81 level above the moving average as the 15-minute chart opens today, suggesting the traders are actively buying at this level.
Hence, a possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery toward the upper resistance zone.
Notably, the market is pointing upwards on the daily signal; this will quicken the emergence of more buyers to move the price of EigenLayer to a significant level on the upside, and this might increase towards the $3.60 upper resistance trend mark soon in its lower time frame.
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