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EigenLayer (EIGENUSD) Price to Hit the $3.45 Supply Value Soon

Johnathon Fox
11/25/2024 | UPDATED ON: 11/25/2024

EigenLayer Price Forecast: November 25
The EigenLayer market may hit the $3.45 supply value due to a high surge in bullish momentum. The price is poised to hit the $3.45 supply value soon as it signals potential price gains. Hence, the coin price will move higher above the current resistance level if buyers can exert more force into the price action, the crypto price may retest the $3.45 prior high level and extend to meet the $3.80 upper resistance level and beyond, attracting coin buyers for more investments.

Key Levels:
Resistance Levels: $2.68, $2.69, $2.70
Support Levels: $2.31, $2.30, $2.29

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

EIGENUSD price is about to hit the $3.45 supply value as the bulls journey up north in the higher time frames. The prices are trading above the moving average lines, indicating an uptrend. The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to hit an uptrend in its recent high.
EigenLayer (EIGENUSD) Price to Hit the $3.45 Supply Value Soon
Despite the interactions from the short traders, the bulls caused a rise in the eigenLayer price to a $2.70 high level shortly after the commencement of the 4-hourly session opens today, aiming at hitting the $3.45 supply value, if buying momentum persists. This shows that the bulls are buying at this level.

However, the price of EIGENUSD may hit the $3.45 supply value soon as the daily signal suggests an uptrend continuation. As a result, the bullish momentum may continue to hit the $3.80 upper high level in the days ahead in its long-term perspective.

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

The EIGENUSD pair turns positive today. The price is about to hit the $3.45 supply level as the bulls remain dominant and trade in a resistance zone in its short-term frame.
EigenLayer (EIGENUSD) Price to Hit the $3.45 Supply Value Soon
The coin made it to the $2.51 high level during the previous action and has made the price remain in green above the supply trend level in its recent high.

Today, the EigenLayer market is showing promising signs of recovery as the price remains pressured at a $2.66 high level above the EMA-50, aiming to hit the $2.81 supply value, indicating a significant upward trend.

In addition, the market is pointing up on the daily stochastic, indicating the emergence of more buyers to move the EIGENUSD price up to a significant level at the upside and this might hit the $3.80 supply trend mark as the coin market remains bullish in its higher time frame.

Place winning EigenLayer trades with us. Get EIGENUSD here

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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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