Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- EigenLayer is down -7.15% today against the US Dollar
- EIGEN/BTC decreased by -7.68% today
- EIGEN/ETH decreased by -7.10% today
- EigenLayer is currently trading 25.70% below our prediction on Oct 10, 2024
- EigenLayer dropped -70.65% in the last month and is down -70.65% since 1 year ago
| EigenLayer price | $ 3.29 |
| EigenLayer prediction | $ 4.43 (29.90%) |
| Sentiment | Bearish |
| Fear & Greed index | 49 (Neutral) |
| Key support levels | $ 3.36, $ 3.12, $ 2.97 |
| Key resistance levels | $ 3.75, $ 3.91, $ 4.14 |
EIGEN price is expected to rise by 29.90% in the next 5 days according to our EigenLayer price prediction
EigenLayer price today is trading at $ 3.29 after losing -7.15% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -6.21% in the same time period. EIGEN performed poorly against BTC today and recorded a -7.68% loss against the world’s largest cryptocurrency.
According to our EigenLayer price prediction, EIGEN is expected to reach a price of $ 4.43 by Oct 10, 2024. This would represent a 29.90% price increase for EIGEN in the next 5 days.
EIGEN Price Prediction Chart
Buy/Sell EigenLayer
What has been going on with EigenLayer in the last 30 days
EigenLayer has been displaying a negative trend recently, as the coin lost -70.65% in the last 30-days. The medium-term trend for EigenLayer has been bearish, with EIGEN dropping by -70.65% in the last 3 months. The long-term picture for EigenLayer has been negative, as EIGEN is currently displaying a -70.65% 1-year price change. On this day last year, EIGEN was trading at $ 11.22.
EigenLayer reached its all-time high price on Oct 01, 2024, when the price of EIGEN peaked at $ 11.50. The current EIGEN cycle high is $ 3.71, while the cycle low is at $ 3.21. EIGEN has been displaying high volatility recently – the 1-month volatility of the coin is at 31.71. EigenLayer recorded 14 green days in the last 30 days.
EigenLayer technical analysis for today – Oct 05, 2024
The sentiment in the EigenLayer markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 3.36, $ 3.12 and $ 2.97, while $ 3.75, $ 3.91 and $ 4.14 are the key resistance levels.
Bearish sentiment for EigenLayer
5 indicators are currently signaling a bullish prediction for EigenLayer, while 17 indicators are showing a bearish forecast. With 77% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for EigenLayer.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 49 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
EigenLayer moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how EigenLayer is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 6.72 (SELL) | $ 17.41 (SELL) | – | – |
| MA5 | $ 6.09 (SELL) | $ 18.27 (SELL) | – | – |
| MA10 | $ 14.40 (SELL) | $ 18.64 (SELL) | – | – |
| MA21 | $ 19.02 (SELL) | $ 19.18 (SELL) | – | – |
| MA50 | $ 19.30 (SELL) | $ 20.47 (SELL) | – | – |
| MA100 | – | – | – | – |
| MA200 | – | – | – | – |
| Period | Value | Action |
| RSI (14) | 16.94 | BUY |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 0.59 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 40.51 | SELL |
| Awesome Oscillator (5, 34) | -8.89 | NEUTRAL |
| Momentum (10) | -20.77 | NEUTRAL |
| MACD (12, 26) | -2.47 | NEUTRAL |
| Williams Percent Range (14) | -99.41 | BUY |
| Ultimate Oscillator (7, 14, 28) | 14.53 | BUY |
| VWMA (10) | 3.63 | SELL |
| Hull Moving Average (9) | 3.43 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 14.73 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for EigenLayer is at 16.94, suggesting that EIGEN is currently oversold.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of EigenLayer over the last 50 days. Currently, EigenLayer is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the EIGEN closing price for the last 200 days. EIGEN is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this EigenLayer prediction
After considering the above factors, we can conclude that the current forecast for EigenLayer price prediction is Bearish. EIGEN would have to increase by 29.90% to hit our $ 4.43 target within the next five days. Moving forward, it will be important to monitor the EIGEN market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term EigenLayer price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/48225/eigenlayer-prediction-october-05-2024/