EOS Recently Broken Below $3.6 Amid Volatility
- EOS is mildly recovering since yesterday, struggles to reach $3.6 price mark
- The 5-day chart looks volatile, touched a high at $3.6 yesterday
- Technical indicators for the coin give mixed signals
Resonating Bitcoin’s price move, EOS had witnessed a price fall yesterday. Though the coin has not accomplished any strong rebound yet, the coin has stopped the further drop of price. The coin is consolidating now above $3.4. Meanwhile, the overall crypto market is improving as its market capitalization shows growth over the last 24 hours.
EOS Price Prediction:
A week ago, EOS price was trading above $3.6, and within a couple of days, it bottomed to $3.36 with a decline of 7.26%. With a steady yet slow rebound, the coin hit the price mark of $3.6 and remained there for a few hours. After that, the coin pulled back to $3.4 yesterday and is recovering right now. At 09:27:41 UTC, EOS is trading at $3.43.
The pitchfork indicates to the current weak uptrend while it also shows that a drop below $3.43 can trigger further price decline.
EOS/USD Price Chart:
With a little gap, the short term SMA line is above the long term SMA line noting a mild bullish momentum. However, the MACD chart is bearish as the MACD line has slipped below the signal line. RSI indicator has drifted even below 30, showing an over-sold phase.
EOS coin is likely to face resistance at $3.55, $3.66 and $3.71, while its support levels appear at $3.39, $3.34 and $3.23.
