EOS Price Prediction Today: Daily (EOS) Value Forecast – June 13
- The crypto’s price is in a tight range trading between the levels of $6.0 and $6.60.
- On the upside, if price breaks above the EMAs, the EOS price will resume its bullish trend to retest the overhead resistance.
EOS/USD Medium-term Trend: Bearish
- Resistance levels: $ 7.00, $7.50, $8.00.
- Support levels: $6.00, $5.50, $5.00.
Yesterday, June 12, the price of EOS was in a sideways trend. Since on June 4, the price of EOS had been ranging below the 12-day EMA and the 26-day EMA. The bulls have not taken any initiative to break above the EMAs neither has the bears taken any initiate. In the last one week, there were small body candlesticks that were ranging below the EMAs.
These candlesticks provide indecision between the buyers and sellers at the current market price. The crypto’s price is in a tight range trading between the levels of $6.0 and $6.60. The EOS market had earlier fallen from its $8.50 overhead resistance which had been corrected on June 4.On the upside, if price breaks above the EMAs, the EOS price will resume its bullish trend to retest the overhead resistance. On the downside, if the bulls fail to break the EMAs, the market will continue its range bound move.
EOS/USD Short-term Trend: Ranging
On the 1-hour chart, the price of EOS was in a sideways trend zone. The 12-day EMA and the 26-day EMA are flattening and trending horizontally indicating that price is in a sideways trend. The crypto’s price is trading between the levels of $6.20 and $6.40. Today the bulls tested the $6.60 price level but were resisted. The price is retracing to the support of the 12-day EMA. 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 =$4.0601 change ~ 6.04%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.