EOS Price Prediction Today: Daily (EOS) Value Forecast – June 10
- On the upside, the EOS market will be in an upward move if price breaks above the EMAs.
- On the other hand, if the bulls failed to break the EMAs, the crypto’s price will continue with its range bound move.
EOS/USD Medium-term Trend: Bearish
- Resistance levels: $ 7.00, $7.50, $8.00.
- Support levels: $6.00, $5.50, $5.00.
Last week the price of EOS was in a bearish trend. On June 3, the bulls were resisted from the $8.50 overhead resistance level. The market fell and was on a downward correction below the 12-day EMA and the 26-day EMA. The crypto's price is below the EMAs which indicates that price is likely to fall. Meanwhile, a bearish trend line has been drawn to determine the continuity of the bearish trend
From the chart, a bullish candlestick has broken the trend line and another confirmation candlestick was opened and closed on the opposite of the trend line. Technically, it is likely that the bearish trend has been terminated. The market is ranging below the EMAs. On the upside, the EOS market will be in an upward move if price breaks above the EMAs.
On the other hand, if the bulls failed to break the EMAs, the crypto’s price will continue with its range bound move. Meanwhile, the EOS market is at 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 was in a bearish trend zone. The 12-day EMA and the 26-day EMA were sloping southward indicating that price was falling. On June 7, the bulls tested the $6.70 resistance level and were resisted.
The market was on a downward correction to the support level at $6.0 price level. The support level is holding as the bulls make an upward move to break above the EMAs. Nevertheless, the market is in the oversold region of the daily stochastic but above 40% range. This indicates that price is in a bullish momentum and a buy signal.
Live EOS (EOS) Price:
1 EOS/USD =$3.8360 change ~ -1.90%
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