Will Eigen Layer Hit $10 After listing on Binance?

EigenLayer is middleware built on the Ethereum network. It helps commoditize decentralized trust. The growing adoption and listing of Eigenlayer on major exchanges could likely fuel further uptrend.

Based on the 5-minute timeframe, the trend-based Fibonacci levels, the uptrend can target the 50% Fibonacci level at $6 and the 61.80% Fibonacci level at the $6.50 mark.

If the uptrend is sustained, the altcoin could potentially reach the $10 psychological mark, driven by strong demand and improving sentiments in the crypto market. However, future targets remain uncertain due to the lack of historical price action, and the advent of bearish momentum in the market could also worsen the outlook.

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