Resistance

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>EOS is experiencing a slight intraday drop, trading at $1.0922.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Technical analysis shows the MACD line below the signal line and the RSI indicating a loss of momentum.</a> </li> 
</ul> 
<p>The EOS crypto price currently appears to be in an uncertain position, with both bullish and bearish forces attempting to gain the upper hand.</p> 
<p>At the beginning of 2024, the EOS price was in an uptrend up to the $1.35 supply level in the first week of March 2024; from the supply, it began to decline from the resistance trendline, which was near the supply level on the daily chart. Despite a second rally attempt, the price showed a struggle that could not break through this resistance. The EOS price is showing declining possibilities as the trendline poses an effectively strong resistance on the daily chart.</p> 
<h2 class="wp-block-heading" id="strong-eos-price-study-against-indicators-on-1-d-strong"><strong>EOS Price Study Against Indicators on 1-D</strong></h2> 
<p>The price trajectory now suggests that EOS may be on the brink of a significant drop, as it has encountered resistance. The EOS asset’s bearish momentum seems obvious, as it has reacted negatively to the trendline and has started falling. More selling pressure could cause the price to cut below the critical 20-day and 50-day exponential moving averages, indicating that lower levels may be reached if selling pressure increases.</p> 
<p>The technical indicators also signal bearishness; the MACD shows that the MACD line is below the signal line at 0.0267. Likewise, the Relative Strength Index is currently at 55.61, and the curve has started to take a U-turn, as the RSI line is headed to cut the 14-SMA line from above, thus suggesting that the EOS asset’s momentum is waning and it may descend further.</p> 
<p>As of the latest update, there’s an intraday decline of 1.29%, with EOS trading at $1.0922. If bearish trends intensify, it could show the price testing the support level at $0.9700 and potentially even the critical support at $0.8700.</p> 
<p>Alternatively, should the market sentiment shift and buyers regain control by jumping past the trendline resistance, there’s potential for EOS’s price to ascend toward higher levels of $1.350 and $1.500.</p>    
<p><a href="https://in.tradingview.com/chart/EOSUSD/h11NPJsN-EOS-may-be-on-the-brink-of-a-significant-drop/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a></p>  
<h2 class="wp-block-heading" id="strong-volume-and-volatility-on-eos-crypto-strong"><strong>Volume And Volatility On EOS Crypto</strong></h2> 
<p>The volume analysis shows that the EOS crypto asset has received $212.53 Million in volume. The price vs. volume chart describes a decline in volume along with the EOS price decline, which suggests the continuation of the ongoing downtrend.</p> <iframe loading="lazy" title="Santiment Chart: Price (EOS), Volume (EOS), Price Volatility 1w (EOS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=litecoin&amp;pt=LTC&amp;df=2023-09-29T18%3A29%3A59.594Z&amp;dt=2024-03-29T18%3A29%3A59.594Z&amp;sat=shchcfg_MuagrX4RvT-S&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Beos%3BEOS%5D%3B%5B1%3Bvolume_usd%3Beos%3BEOS%5D%3B%5B1%3Bprice_volatility_1w%3Beos%3BEOS%5D&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%3B%3B" scrolling="no"></iframe> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>The current market situation for EOS is quite volatile, with indicators pointing to a potential downturn. The<a href="https://www.thecoinrepublic.com/2024/03/27/rndr-price-prediction-rndr-hovers-near-10-whats-next/" target="_blank" rel="noreferrer noopener"> price</a> struggled to break the resistance trendline at $1.35 and has been declining, suggesting a bearish outlook.&nbsp;</p> 
<p>Technical analysis shows the MACD line below the signal line and the RSI indicating a loss of momentum, which could lead to further declines if selling pressure persists. Currently, EOS is experiencing a slight intraday drop, trading at $1.0922. If the bearish trend continues, support levels at $0.9700 and $0.8700 may be tested.&nbsp;</p> 
<p>However, if buyers can overcome the resistance, the price could rise towards $1.350 and $1.500. Trading volume has decreased alongside the price, reinforcing the possibility of an ongoing downtrend.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels</strong>: $0.9700</p> 
<p><strong>Resistance Levels</strong>: $1.350&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Can EOS Crypto Surpass Resistance, Or It Will Keep Deteriorating?

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