‎EIGENUSD Displays Strong Bearish Dominance with Signs of a Medium-Term Rebound

‎EIGENUSD Market Analysis- November 18

‎EIGENUSD continues to display a dominant bearish structure, even as recent price action reveals signs of a short-term bullish correction developing within the broader downtrend.

‎EIGENUSD Key Levels

‎Support Levels: $0.780, $0.520
‎Resistance Levels: $1.070, $1.400

‎EIGENUSD Long-Term Trend: Bearish

‎EIGENLAYER has continued to extend its bearish trajectory after reaching its peak in early October 2025. Following this high, sellers regained strong control, driving price consistently lower. Once price slipped beneath the $1.400 supply level, a steady but forceful bearish sequence unfolded, marked by structured pullbacks and continued downside movement.
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‎Most recently, a bearish break of structure confirmed the continuation of the broader downtrend, signaling the start of a new bearish wave. This momentum pushed price below the $0.780 demand level, clearing a path for further decline. The daily Moving Average also reinforces this bearish sentiment, with price firmly trading below the indicator.
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‎However, the daily Relative Strength Index currently sits at a critical oversold region, hinting at the possibility of a temporary bullish rebound. While this suggests rising momentum, traders are advised to exercise caution as any recovery may develop into a deeper bearish retracement rather than a sustained reversal.

‎EIGENUSD Medium-Term Trend: Bullish

‎A closer look at the 4-hour timeframe reveals the early stages of a medium-term bullish recovery. After the initial bearish break of structure, price carved out a minor downtrend that held beneath the 4-hour Moving Average. But this phase shifted when price successfully broke above the bearish trend line, signaling the emergence of bullish intent.
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‎This developing bullish trend is expected to drive price toward the daily bearish order block, where strong resistance may reintroduce selling pressure. Should this interaction occur, EIGENUSD may resume its broader bearish continuation in alignment with the long-term outlook.
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