EOS Price Prediction: Long-term (EOS) Value Forecast – June 22
- On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $8.5 overhead resistance level.
- On the downside, if the bears break below the EMAs, the crypto’s price will fall and retest the $6.0 level.
EOS/USD Long-term Trend: Bullish
- Resistance Levels: $8.0, $8.5, $9.0
- Support levels: $ 7.0, $ 6.5, $6.0
The EOS/USD pair is in a bullish trend. Last month the price of EOS was in a bullish trend. The bulls reached a high of $8.50 but were resisted. The bulls could not proceed at the upper price level because of shortage of buyers. After the downward correction, the EOS market reached a low of $6.0 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which suggest that price is likely to rise. On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $8.5 overhead resistance level.
On the downside, if the bears break below the EMAs, the crypto’s price will fall and retest the $6.0 level. The market is at the overbought region of the daily stochastic but above the 60% range which indicates that EOS price is in a bullish momentum and a buy signal.
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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