EOS Price Prediction: Long-term (EOS) Value Forecast – July 13
- The bulls were again resisted at the $7.50 price level and the market was on a downward correction to a low at $ 4.30.
- On the other hand, if the bears break the $4.30 price level, the price of EOS will depreciate to a low at $3.67 .
EOS/USD Long-term Trend: Bearish
- Resistance Levels: $8.0, $8.5, $9.0
- Support levels: $ 7.0, $ 6.5, $6.0
On May 31, the EOS/USD pair was in a bullish trend as it reached a high of $8.50. On June 1, the bulls were resisted and the EOS market commenced a downward correction in the month of June. The bears broke the EMAs as the price fell to a low of $6.29 on June 4. On June 4, the crypto's price was in a range bound move below the EMAs.
After the range bound move, the bulls break above the EMAs to reach a high of $ 7.50. The bulls were again resisted at the $7.50 price level and the market was on a downward correction to a low at $ 4.30. The $4.30 price level was the previous low of March 30. If the $4.30 support level holds, the crypto's price will rise to break above the EMAs to resume the bullish trend.
On the other hand, if the bears break the $4.30 price level, the price of EOS will depreciate to a low at $3.67 . Meanwhile, the EOS market is at the oversold region of the daily stochastic but below the 20% range. This indicates that price is in a bearish momentum and a sell signal.
Live EOS (EOS) Price:
1 EOS/USD =$10.1831 change ~ -5.12%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.