EOS Technical Analysis: Will The Crazy Bull Run Surpass $3.5?

EOS coin price action reflects a remarkable rise in buying pressure approaching the $3 breakout. However, will the uptrend surpass the 200-day EMA? Key technical points: EOS prices are ready to surpass the $3 mark. The rally outperforms the 50 and 100-day EMA. Finally, the 24-hour trading volume of EOS is $1.62 Billion, marking an 85% rise. Past Performance of EOS The EOS coin price showed an unprecedented growth of 50% last fortnight, bringing the price closer to the $3 mark with the 50 and 100-day EMA breakout. The recent surge comes after the flag pattern breakout slightly below the 100-day EMA at $2.65. However, the rally struggled to sustain above the $3 mark due to the long wick formation marking a higher price rejection. Source-Tradingview EOS Technical Analysis EOS coin price shows a 20% rally in the last 72 hours following the Doji formations below the 100-day EMA. However, the rally showcased higher price rejection projecting a fightback from the sellers to keep the growth in check. Nonetheless, the fresh daily candle continues the bullish approach to surpass the $3 mark. The EOS market price outperforms the 50 and 100-day EMA resulting in their reversal which may shortly give a bullish crossover. However, the buying spree struggles to overpower the sellers at the 200-day EMA. RSI Indicator: The RSI slope continues the uptrend even in the overbought territory, reflecting the buying pressure overload. Furthermore, the...