• The market is falling and approaching the low at $5.0 price level.
• The crypto’s price had been ranging below the EMAs before its eventual fall.

EOS/USD Medium-term Trend: Bearish

• Resistance levels: $ 6.50, $7.00, $7.50.S
• upport levels: $5.50, $5.00, $4.50.

Yesterday, July 9, the price of EOS was in a bearish trend. The crypto had been on a downward correction after facing the two resistance levels. The crypto’s price was depreciated after the resistance at the $8.50 overhead price level. The crypto’s price was in a downward correction to the low of $6.29.

At the support of $6.29, the bulls pulled above the EMAs to reach the bullish trend zone. The coin was resisted again at the $7.50 price level. The EOS market fell to the low at $ 5.88. The crypto’s price had been ranging below the EMAs before its eventual fall. The market is falling and approaching the low at $5.0 price level. Meanwhile, the price of the EOS market is in the oversold region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping horizontally. The price of EOS is fluctuating above the $5.80 price level. Today the bears have broken the 12-day EMA and the 26-day EMA as price fell to a low at $5.19. Meanwhile, the price of the EOS market is in the oversold region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.

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