‎‎EigenLayer (EIGENUSD) Bullish Structure Holds Despite Bearish Correction

‎EIGENUSD Market Analysis- September 30

‎EIGENUSD continues to display an overall bullish outlook in the long term, yet current technical signals suggest that the market may undergo a short-term corrective phase before resuming its upward trajectory.

‎EIGENUSD Key Levels

‎Support Levels: $1.080, $0.340
‎Resistance Levels: $2.120, $3.150

‎EIGENUSD Long-Term Trend: Bullish

‎The broader outlook for EIGENUSD remains bullish following a structural shift in May 2025 that transitioned market bias from bearish to bullish. This shift was confirmed by a decisive bullish break of structure, solidifying the uptrend. However, recent price action reveals signs of temporary exhaustion as EIGENUSD rejected the $2.120 supply level, signaling potential short-term resistance.
‎
‎The rejection is further supported by technical indicators. On the daily Relative Strength Index (RSI), price touched the overbought zone, followed by a downturn in momentum as the RSI fell. This weakness coincides with the emergence of a bearish candle that has closed below the daily Moving Average—an added confluence supporting the possibility of a corrective retracement.
‎
‎Despite these short-term bearish pressures, the larger price structure remains firmly bullish. The anticipated pullback is likely to serve as a retracement rather than a trend reversal. A test of the daily order block could provide a strong base for renewed bullish momentum, with buyers expected to re-enter and drive prices higher once the retracement completes.

‎EIGENUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, the market reflects the beginning stages of the anticipated retracement. A failed low pattern has emerged, which is consistent with a bearish continuation setup and aligns with expectations of short-term weakness.
‎
‎Additionally, the 4-hour RSI shows declining strength as the indicator trends down from the overbought region. This momentum shift increases the likelihood of EIGENUSD forming a lower-low structure, reinforcing the bearish bias in the medium term. Until price finds support near a significant demand zone, the bearish retracement is expected to dominate shorter timeframes.

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

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.