EOS/USD Long-term Trend: Ranging
Resistance Levels: $7.5, $8.0, $8.5
Support levels: $ 6.5, $ 6.0, $5.5
The price of EOS is in a sideways trend in the month of July. It is fluctuating between the levels of $9.0 and $6.5. The EOS price commenced trading at a price of $8.23 but fell to the low of $6.6. It rose again to the high of $8.90. The price of EOS is currently trading at $7.25 as at the time of writing. The cryptocurrency is likely to continue its sideways trend.
However, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bar of EOS is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is continuing. Nevertheless, the relative strength index period 14 is level 44 which indicates that the price of EOS is in the sideways trend zone
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