EOS Price Steps Down Over a Day; Yet to Sustain the Rebound
- EOS has recently formed a support level at $2.61; attempts a price recovery
- The coin is down by more than 4% now; technical indicators give mixed signals
EOS has been maintaining an uptrend till yesterday. The coin has seen a sharp pullback in the later part of yesterday, where it dropped by more than 4%.
EOS Price Prediction
Today, the EOS price has shown a consolidation after a mild price recovery. The coin is currently trading around the 23.60% Fib level. Yesterday, the coin opened at $2.73 and remained in the stable zone till it started a notable fall at 15:00 UTC. A 4.56% price drop took place before EOS coin found a support level at $2.61.
The coin managed to strike a rebound near the 38.20% Fib level and then pulled back near the 23.60% Fib level. The bullish trendline has been broken when the coin started consolidating today. At 04:33:02 UTC, EOS price is trading at $2.64.
EOS’s technicals are giving mixed signals at the moment. SMA lines are bearish as the short-term SMA line is below the long-term SMA line. MACD chart has just traced a bullish crossover while RSI is just above 50, noting no extremities.
At present, Bollinger bands are indicating a less volatile phase of the coin. Remarkably, the coin is carrying a selling pressure amid the overall sluggish market.
The EOS price is likely to see resistance at $2.74, $2.8, and $2.85 while its support levels stand at $2.63, $2.58, and $2.52.
