EigenLayer Price Forecast: EIGENUSD Bears Hold Momentum After Retest at $2.3880 Support

EIGENUSD Price Forecast – November 4th

The EigenLayer price forecast shows continued downward pressure as bears retain control following a failed attempt by bulls to break through the $4.0000 resistance level earlier in October.

EIGENUSD Long-Term Trend: Bearish (Daily Chart)

Support Levels: $2.3880, $2.4000
Resistance Levels: $3.1000, $4.0000
After twice failing to breach this significant resistance, sellers have gained confidence, resulting in a pronounced bearish shift that pushed prices below the $3.1000 support level. Currently, the $2.3880 level serves as immediate support, where bearish momentum has temporarily paused. This level could act as a springboard for further declines if EIGENUSD sellers intensify their efforts.

EIGENLAYER Price Forecast – EigenLayer Outlook

Attempts by buyers to rally from this support zone have been unsuccessful, reflecting ongoing market weakness and strong seller influence. The MACD remains firmly in bearish territory with no signs of upward momentum, while the RSI indicates oversold conditions.

However, oversold levels alone may not prompt a reversal if selling pressure persists. On shorter time frames, the bearish trend remains dominant, suggesting sellers may continue to push prices lower unless a significant support level triggers a turnaround.

The long-term trend for EigenLayer remains bearish, with sellers eyeing further lows below the $2.3880 support level. Should this support fail, the EIGENUSD market could face extended losses. A reversal would require buyers to reclaim control by breaking above the $3.1000 level to shift momentum.

EIGENUSD Medium-Term Trend: Bearish (4-Hour Chart)

EigenLayer remains under strong bearish influence, with $2.3880 as a critical level to monitor. A breakdown here could lead to additional declines, while any signs of stabilization at this level might provide buyers with a recovery opportunity.
Traders should watch for potential bullish divergence on the MACD and RSI in upcoming sessions, as well as any crypto signals that could offer insights into the market’s next move.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.