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EigenLayer (EIGENUSD) Price Will Accelerate More

Johnathon Fox
01/06/2025 | UPDATED ON: 01/06/2025

EigenLayer Price Forecast: January 6

The EIGENUSD price will accelerate more as the journey up north edges closer to a bullish breakout. The pair is moving close to the overhead trend levels and anticipates a bullish continuation at the $4.00 resistance value. As bullish sentiment prevails, if buyers push higher and sustain the coin price above the $5.67 high level, the next price target to watch out for could be the $5.80 upper resistance value, signaling strong market optimism and potential for significant gains.

Key Levels:
Resistance Levels: $3.99, $4.00, $4.01
Support Levels: $3.51, $3.50, $3.49

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

EigenLayer price will accelerate more and be an opportunity for coin buyers as it remains pressured in a bullish trend in its long-term view. The coin price has recently ignited a potential surge above the resistance level, indicating a bullish momentum.
EigenLayer (EIGENUSD) Price Will Accelerate More
Having finished the downward correction, the EIGENUSD price will accelerate more as it swings to a $4.00 resistance level above the EMA-50 as the 4-hourly session opens today, indicating a strong possibility for a bullish continuation as it accelerates. More gains are possible if the bulls should put extra effort into the price action.

Next, the momentum indicator pointing upwards suggests the EigenLayer price will accelerate the bullish trend. In light of this, the crypto price might accelerate to retest the $5.67 supply value and extend the rise to a $5.80 upper resistance level in the coming days in its long-term outlook.

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

The cryptocurrency suggests the price will accelerate more as it progresses above the supply level, displaying a bullish posture in its short-term outlook. The coin price is approaching the overhead resistance above the moving averages, suggesting a bullish trend.
EigenLayer (EIGENUSD) Price Will Accelerate More
The sustained pressure to a $3.98 high level in the last session has enabled the EigenLayer price to accelerate and retain its growth in its recent high.

EigenLayer’s price on the 1-hourly chart today 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 as it accelerates to a $3.99 supply value above the moving average shortly after the opening of the 1-hourly chart today.

Hence, if the bulls should add more strength to their price action, the EigenLayer price may surge to hit the $4.16 peak level, showing potential for rapid growth.

Furthermore, the daily stochastic signals an uptrend; if the bulls could push harder and sustain the coin price above the $4.16 previous high, the resulting rally may surpass the $5.67 level and hit the $5.80 psychological level at the upside in the day ahead as it accelerates more in its short-term perspective.

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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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