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EOS/USD Prepares for the Upside – Cryptovibes.com – Daily Cryptocurrency and FX News

EOS Price Analysis


EOS Price Analysis – May 28

The daily chart reveals that if the EOS price prepares to cross above the moving averages, the price may rise towards the previous high of $1.5 level.

EOS/USD Market

Key Levels:

Resistance levels: $2.0, $2.2, $2.4

Support levels: $0.55, $0.53, $0.51

EOSUSD – Daily Chart

At the time of writing, EOS/USD is ranging as the price remains below the 9-day and 21-day moving averages. Meanwhile, the bullish momentum is propelling the coin to cross above the resistance level of $1.25. However, should the bulls fail to push the price upward, the EOS price may continue to consolidate within the channel.

EOS Price Analysis: EOS Price May Break to the Upside

The EOS price is changing hands at $1.26 where it faces up slightly. However, if the coin continues the upward movement and breaks above the 9-day and 21-day moving averages, the coin may locate the potential resistance levels at $2.0, $2.2, and $2.4 while the support levels remain at $0.55, $0.53, and $0.51 giving a low trading volume as the technical indicator Relative Strength Index (14) moves below 40-level, suggesting the bullish movement for the market

EOS/BTC Market: EOS Price Keeps Moving Sideways

Against Bitcoin, the EOS price remains below the 9-day and 21-day moving averages with a bearish candle. However, the technical indicator Relative Strength Index (14) is now moving towards the 40-level as the signal line is pointing up. Meanwhile, any further movement below the lower boundary of the channel could hit the critical support level at 350 SAT and below.

EOSBTC – Daily Chart

Moreover, the EOS market needs to experience more bullish signals for an upward movement to come to play, and once this happens, the market price may cross above the moving averages, which could hit the resistance level of 520 SAT and above. Meanwhile, the trading volume is fading out and may change the current movement if the technical indicator Relative Strength Index (14) crosses below the 30-level.



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