EigenLayer Price Forecast: December 30
The EIGENUSD pair reverses as the coin price starts to jump with a significant correction today. The crypto reverses as the price starts to jump, with emerging reversal patterns and growth following the returns of the bulls. Therefore, if the crypto intensifies from its present price at the $3.45 supply value, the token will consequently enter a bullish trend above the supply trend levels. Hence, the push might hit the $5.67 resistance level and extend to the $5.80 upper resistance value, resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $3.45, $3.46, $3.47
Support Levels: $3.51, $3.50, $3.49
EIGENUSD Long-term Trend: Bearish (4H Chart)
As anticipation builds for the upcoming bullish trend, the EIGENUSD reverses and starts to below the supply, indicating a bearish trend pattern in its higher time frame. The coin is trading below the EMA-50, suggesting a bearish trend. 
The sustained bearish pressure at the $3.39 support value in the last session has enabled the token price to drop below the supply levels in its recent high.
At the time of writing, the EigenLayer price reverses and starts to jump at the $3.45 high value below the EMA-50 as the 4-hourly chart opens today, demonstrating strength in a correcting market.
Hence, a breakout from the $3.45 current support to hit the $5.31 previous barrier level could attract momentum buyers to propel the price toward the $5.67 peak level.
Notably, the daily stochastic remains in an upward direction. Hence, as the EIGENUSD price reverses and starts to jump, if buyers can break above the $5.67 previous supply trend line, the market participants may witness a new recovery rally to the $5.80 upper high mark in the coming days as the price reverses and starts to jump in its long term forecast.
EIGENUSD Short-term Trend: Bearish (1H Chart)
With the emergence of new buyers, the EigenLayer price reverses and starts to jump toward the supply levels in its short-term outlook.
The intervention from the sell traders at the $3.36 low value in the previous action has dropped the coin price below the supply trend line in its recent high.
The market value of EigenLayer reverses and jumps to the $3.45 resistance level below the moving averages shortly after the commencement of the 1-hourly chart today, indicating that positive sentiment is returning to the market.
With sustained investors’ enthusiasm, the coin price prediction could reach as high as the $4.04 resistance level, indicating a significant upward trend.
Furthermore, the daily stochastic moving upward indicates more upside potential in the EIGENUSD market as it reverses and starts to jump; we may anticipate further gains and strength from the coin to reach the $5.80 upper high level in the next few days in its short-term outlook.
Place winning EigenLayer trades with us. Get EIGENUSD here
Leave a Reply