EigenLayer (EIGENUSD) Price Might Reach the $5.27 High Mark

EigenLayer Price Forecast: January 13

Today, amid demand for EigenLayer, the price might reach the mentioned supply as it faces resistance. Thus, a sharp breakout and closure above the $5.27 correction phase could propel the coin price to hit the $5.80 upper resistance level and beyond, offering strong resistance to the crypto price amid market volatility.

Key Levels:
Resistance Levels: $3.72, $3.73, $3.74
Support Levels: $3.33, $3.32, $3.31

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

The EIGENUSD pair is trending and might reach the upper channel as buyers are putting more impact on the asset in its long-term perspective.
Buyers are returning gradually and are confident about gaining higher levels soon. The coin price is trending below the supply levels, confirming a bearish trend.

The sustained bearish pressure to a $3.04 level in the last session has contributed to the crypto’s bearishness in its recent low.

At the writing time, the EigenLayer price found resistance at the $3.17 value below the moving average as the 4-hourly chart begins, and this might reach the $5.27 peak value if the bulls can step up their bullish pressure on the asset before it resumes another retracement.

The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.

Next, the EIGENUSD price is also pointing upwards, suggesting that the coin price may likely continue in an upward direction and might reach the $5.80 supply trend line in the days ahead in its higher time frame.

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

The EIGENUSD buying pressure has just begun on the lower time chart and might reach the resistance channel as it continues its rising pattern. The coin price is below the moving averages, suggesting a bearish trend.

Actions from the short traders at a $3.10 low value in the last session have dropped EigenLayer’s price beneath the supply levels.

On the 1-hour chart today, there is a broader recovery in the prices. The cryptocurrency jumped to a $3.17 supply level below the moving average and might surge toward the $4.20 resistance if the bulls add more strength to their buying forces.

Notably, the daily stochastic indicates an uptrend. Hence, if the EIGENUSD buyers could break above the $4.20 previous barrier line, the market participants may witness a new recovery rally, and this might reach the $5.80 high mark soon in its lower time frame.

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