- The market is keeping investors on a HODL position; steadily approaches key targets to carry out a long-term recovery
The crypto market is slowly gaining strength these days as it is on the way of freshly started price recovery. Since the market, including EOS, had seen a crashing decline in March this year, its rebound keeps facing frequent pullbacks.
EOS Price Analysis
EOS, after seeing one such in the second week of this month, is now set to cross the 50% fib level. The bullish trend line is likely to continue as the MACD is in the bullish zone too. The currency may take a few more days to reach above where it was in the April-end (at $3.1).
- EOS is pacing up with market bulls; the coin continues to fight with pullbacks
In the last 24 hours, the price has risen by more than 6%. Meanwhile, minor corrections at $2.48 and $2.56 have been noted. Also, while showing bullish signs, higher highs at $2.58, and $2.64 stand out.
- EOS/USD may see a rally above $3 in the next week if the uptrend remains intact
At present, the coin is looking for a support level to resume the rally at $2.63. The immediate resistance level seems to be at $2.66, while support levels are around $2.90.
In the intraday chart, too, the EOS coin holds a positive picture, and it is trading firmly above the 200-day EMA line, and MACD is in the bullish zone.