- EOS price intraday movements limited below $8.00, while immediate support is at $8.50
- Technical indicators are currently sending bullish signals in the near-term.
EOS price has joined the daily losers’ bandwagon on Friday afternoon (GMT). The crypto is down more than 2% on the day, although it has recovered from a trip downstream during the Asian trading hours. Price movement to the upside is capped at $8.8.
There are a couple of resistance at the 100 SMA close to $8.87 and 50 SMA at $8.92. Moreover, the short-term critical resistance is highlighted at $9.00 (upper immediate supply zone). Movement above this level could break beyond the weeks high at $9.32 and possibly attack the now long-term resistance at $10.00.
In the event the current bearish momentum extends, the 61.8% Fib retracement level with the last swing high of $9.3 and a low of $7.16 will stop the slide above $8.40. In the meantime, the EOS/USD must fight to keep the immediate support forming at $8.50. The RSI on the 30-minutes chart is at 50%, besides it is pointing to the upside. The MACD is advancing from the negative levels which also mean that bullish entries are increasing.
EOS/USD 30-minutes chart
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