EigenLayer (EIGENUSD) Poised for Potential Breakout

EigenLayer Price Forecast: January 15

The EIGENUSD pair is poised for a potential breakout as the crypto price witnessed a notable correction. The crypto reverses and starts to increase, with emerging reversal patterns. The cryptocurrency will enter a bullish trend if it pushes from its current price at the $3.00 supply value above the supply trend levels. This push might extend to the $3.50 resistance level, resulting in intraday gains for the buy traders.

Key Levels:
Resistance Levels: $3.00, $3.10, $3.20
Support Levels: $2.50, $2.40, $2.30

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

The EigenLayer pair is poised for a potential breakout as it shows strength and reverses to a new resistance value below the supply, indicating a bearish trend pattern in its higher time frame. The coin is trading below the EMA-50, confirming its bearish trend.
The sustained bearish pressure at the $2.72 support value in the last session has dropped the coin price below the supply levels in its recent high.

At the time of writing, the EIGENUSD price is poised for a potential breakout as it increases to the $3.00 high value below the EMA-50 to resume the 4-hourly chart today, demonstrating remarkable resilience in a correcting market.

Hence, a breakout from the $3.00 current supply to hit the $3.98 previous barrier level could attract momentum buyers to potentially propel the price toward the $4.48 peak level.

Additionally, the daily stochastic that remains in an upward direction suggests that the EigenLayer pair is poised for potential breakout.

If buyers can break above the $4.48 previous supply trend line, the market participants may witness a new recovery rally to the $4.90 upper high mark in the coming days as the price is poised for a potential breakout in its long-term forecast.

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

The EIGENUSD price bar is seen below the moving averages as it is poised for a potential breakout and increase in its medium-term outlook.
The intervention from the sell traders at the $2.88 low value in the previous action has made the coin price stay below the supply levels in its recent high.

The market value of EigenLayer is poised for a bullish breakout as it jumped to a $3.00 resistance level below the moving averages shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market.

The coin has recently experienced a price surge and might swing and break its previous high of $3.24 level if further bearish pressure is restricted.

Furthermore, the daily stochastic moving upward indicates a potential bullish breakout and more upside potential in the EIGENUSD market as it faces the overhead level.

We may anticipate further gains and strength from the coin. In light of this, the coin price may surge to reach the $3.90 upper high mark in the next few days as it is poised for a potential breakout in its short-term outlook.

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