Jessie A Ellis
August 2, 2025 10:02 AM
Own price drops 3.75% to $ 1.08, because technical indicators signals continued weakness, with RSI at 34.68 despite the recent breakthrough with multiple chain verification.
Fast
• Own that is currently being traded at $ 1.08 (-3.75% in 24 hours) • Eigenlaer’s RSI at 34.68 suggests Oversold conditions that develop • Multi-chain verification launch cannot prevent the continuous price decrease from being prevented
What drives self -layer price today?
The own price continues its downward process and drops 3.75% to reach $ 1.08 in the last 24 hours. This decline is expanding the Bearish Momentum that is held despite the recent technical performance of Eigenlaerer.
The most important development was the launch of self-layer from Multi-Chain Verification possibilities on July 30, which should have been a catalyst for a positive price action. However, the own price fell 6.3% after this announcement, indicating that broader market weakness has overshadowed the technological progress of the project.
The market sentiment remains negative because the own price has fallen from $ 1.29 on July 31 to the current level of $ 1.08, which represents extra losses that go beyond the initial weekly fall of 6.3%. The decoupling between positive fundamental developments and negative price action suggests that external market forces are currently dominating the price movements of Eigenlayer.
Own technical analysis: Bearish signals appear
Owlayer Technical Analysis reveals a predominantly Bearish Setup about multiple timetable. The own RSI is currently at 34.68 and is approaching Oversold territory but does not yet signal any immediate reversal. This RSI lecture suggests that the sales pressure remains increased, although a bouncer can occur if the indicator drops below 30.
The MACD configuration presents with regard to signals for own traders. With the MACD line on -0.0381 and the histogram with -0.0447 with Beerarish Momentum, it has been clearly determined. The negative MacD histogram indicates that the sales pressure speeds up instead of decreasing.
The stochastic indicators of Eigenlayer paint a still bearish statue, with the %K at 2.26 and %D at 3.35. These extremely low measurements suggest that your own is seriously sold over in the short term, which can offer a reversing opportunity or signal the further downward risk.
The Bollinger bands analysis shows its own -trade in the vicinity of the lower tire at $ 1.09, with the current price of $ 1.08 that represents a %B position of -0,0162. This positioning indicates that the support levels of Eigenlayer are being tested, with the price that floats just below the support of the lower tire.
Owlayer price levels: important support and resistance
Based on the current technical analysis of Eigenlaerer, various critical levels for their own/USDT traders arise. The immediate own resistance is $ 1.64, which coincides with the strong resistance level. This represents a significant 52% upward target of the current levels.
Eigenlayer -support levels are immediately relevant, given the current price action. The immediate support of $ 1.06 is only 1.8% below the current own price, making it a crucial level to look at. A break below this level could cause an extra sale for strong support for $ 0.95.
The progressive averages offer extra context for resistance levels. Owlayer’s SMA 7 for $ 1.23 represents the first meaningful resistance, followed by the EMA 12 for $ 1.26 and EMA 26 for $ 1.29. The own price should reclaim these advanced averages in order to signal a potential trend remote.
Do you have to buy your own now? Risk-willing analysis
For conservative traders, the current own price action suggests waiting for clearer reversal signals. The combination of Beerarish MacD measurements and proximity to support levels creates an uncertain risk claim scenario. Conservative investors must check the support level of $ 1.06, because an interruption interruption can indicate a different disadvantage of $ 0.95.
Aggressive traders can regard the stochastic lectures transferred as a potential contrary opportunity. On the basis of Binance Spot market data, the current own price of $ 1.08 offers a favorable risk-receiving ratio if you use $ 1.06 support as a stop-loss level. However, position size must reflect the risky character of this strategy.
Dollar-Cost Averaging presents a different approach for long-term self-layer investors. The disconnection between positive technological developments and negative price action suggests potential value at current levels. However, DCA strategies must include the possibility of further downward disadvantage of the strong support level of $ 0.95.
Risk management remains crucial regardless of the strategy. The daily ATR of $ 0.12 indicates significant volatility, which means that positions can move considerably within short timetables. Traders must contain the positions accordingly and maintain strict stop-loss levels.
Conclusion
The own price is confronted with constant pressure at $ 1.08 despite the breakthrough of Eigenlayer Multi-chain verification. The most important support at $ 1.06 will determine in the short term direction, with a break that may be aimed at $ 0.95. Sold circumstances suggest that a bouncer is possible, but Beararigh momentum indicators warn of premature bullish positioning. Check the $ 1.06 level during the next 24-48 hours accurately for directional clarity.
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