Cornell Blockchain Expert Predicts EOS Exchange Hack Wallet Vulnerability Within Year

EOS/USD Medium-term Trend: Bullish

Resistance levels: $ 9.0, $9.5, $10.0
Support levels: $8.0, $7.5, $7.0

Yesterday, July 24th, the price of EOS was in a bullish trend. The cryptocurrency had been in a sideways trend the previous day when the EOS price fell to the low $7.75. The price of EOS is in a bullish trend and has reached the high of $8.7. The digital asset has moved out of the range-bound zone of between $8.0 and $6.5. Traders would have made partial profits if they had initiated long trades at the previous low of $7.75.

Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal. Similarly, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. Nevertheless, the Relative Strength Index period 14 is level 65 which indicate that price is in a bullish trend zone.

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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