‎EigenLayer (EIGENUSD) Eyes Healthy Retracement
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‎EigenLayer (EIGENUSD) Eyes Healthy Retracement Before Resuming Bullish Momentum

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Azeez Mustapha

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EIGENUSD Market Analysis- September 15

‎EigenLayer has recently displayed strong signs of bullish momentum, but a near-term retracement could provide the healthy correction needed before price continues higher.

EigenLayer Key Levels

‎Support Levels: $1.180, $0.880
‎Resistance Levels: $1.550, $1.900

‎EigenLayer (EIGENUSD) Eyes Healthy Retracement Before Resuming Bullish Momentum

‎EIGENUSD Long-Term Trend: Bullish

‎EigenLayer experienced a decisive bullish reversal in May 2025 as buyers regained dominance, driving price action upward. After the reversal, the market entered a period of subtle consolidation, ranging until late August 2025.

‎In September, the price confirmed a bullish breakout, pushing above the $1.550 supply level with a convincing candle close. This move signaled a valid break of structure, reinforcing the strength of the bullish outlook.

‎Currently, however, the daily Relative Strength Index is signaling overbought conditions, suggesting a potential bearish retracement. This pullback is expected to tap into the daily order block, which could serve as the launch point for the next bullish continuation.

‎EigenLayer (EIGENUSD) Eyes Healthy Retracement Before Resuming Bullish Momentum

‎EIGENUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, EigenLayer is undergoing a corrective bearish phase as a failed high pattern emerged above the $1.550 supply level. This aligns with the daily RSI’s indication of weakening price strength.

‎The medium-term retracement is consistent with the higher timeframe correction and is anticipated to find support around the order block zone. Once this level is tested, the market may begin showing early signs of renewed bullish momentum, potentially resuming the larger upward trend.

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