EigenLayer Price Forecast: December 25
EIGENUSD price might grow more to break up at the $5.67 level as the pair experiences a remarkable rally while making new corrections. Thus, a decisive break below $3.51 would result in further losses for the coin. A daily candlestick above the mentioned supply level, on the other hand, would invalidate any bearish theory. Therefore, if buyers can exert more effort in their market tension, the trend will shift upward.
Key Levels:
Resistance Levels: $3.88, $3.89, $3.90
Support Levels: $3.50, $3.49, $3.48
EIGENUSD Long-term Trend: Bearish (4H Chart)
Today, the EigenLayer price is beginning to turn bullish and may break up at the $5.67 level as it shows a promising sign of recovery. However, it remains pressured below the crucial level, implying a bearish trend in its higher time frame.
The sustained order flow by the sell traders to the $3.58 support value in the last session has contributed to its low value in its recent price level.
Despite the interactions from the short traders, the bulls caused the EIGENUSD price to rise to a $3.89 high level below the EMA-50 shortly after the commencement of the 4-hour chart today.
With sustained buying, the price of EigenLayer may break up the $5.67 level and set the potential for further growth.
Notably, the market is pointing up on the daily signal, indicating a buy potential is nearby. As a result, the bulls will be compelled to emerge and push the market price of EIGENUSD up to a significant $5.80 upper high level in the days ahead, as it anticipates breaking up the $5.67 level in its higher time frame.
EIGENUSD Short-term Trend: Bullish (1H Chart)
EigenLayer remains bullish and could soar to break up at the $5.67 level as it continues to journey up north above the resistance trend level in the short term. This is evident as prices trade slightly above the EMA-50.
The bulls’ pressure on the coin to the $3.82 supply value during the last session has sustained the coin price above the resistance in its recent price level.
The buy traders pushed the market price of EIGENUSD up to the $3.88 resistance value above the EMA-50 shortly after the 1-hour chart opened today. A break up above the $5.67 high level would intensify the buying pressure on the crypto.
Further, the market price of EigenLayer is pointing up on the daily stochastic, suggesting that the momentum in the coin price will likely remain and continue in an upward move and may break up at $5.67 value to hit the $5.80 upper resistance level in the days ahead in its short-term time frame.
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