EOS coin price shows a consolidation range formed between the $2.6 and $3 marks. Should you expect a bullish breakout to surpass the 200-day EMA? Key technical points: EOS prices have increased by 2.36% in the past 24 hours. In addition, the 50 and 100-day EMA tease a bullish crossover. Finally, the 24-hour trading volume of EOS is $768 Million, marking a 60% rise. Past Performance of EOS EOS coin price resonates between the $2.7 and $2.95 levels, resulting in an accumulation range and teasing a possible double top pattern. The consolidation comes after the 55% price jump within three weeks ranging from $2.9 to $1.88. The bullish surge surpasses the 50 and 100-day EMA but higher price rejection from the 200-day EMA. Source-Tradingview EOS Technical Analysis EOS coin price shows a high possibility of a bullish consolidation breakout as it shows lower price rejection near the $9.75 mark. However, the recent daily candle shows a 2.92% decline increases the fallout chances. The rising 20-and-50-day EMA accentuates a strong recovery rally. However, the 200-day EMA aligned with the $3.2 resistance indicates vital barrier buyers need to overcome for a genuine bullish rally. RSI Indicator: The RSI slope reverted from the overbought region and nosedived below the 14-day SMA, reflecting price-action counter-movement. However, such pauses or corrections are needed to maintain a healthy bull run. MACD Indicator: The MACD and signal lines ...
