- EOS rockets 9% in 24 hours, now trading at $0.8408 and comfortably above both 50-day and 200-day EMAs.
- MACD reading of 0.0490 indicates positive momentum building, though not yet at November-December rally strength.
According to the EOS price action, the altcoin is heading in the upper direction by making a higher high structure. The EOS daily technical chart shows that the price is in a bullish momentum, having surged 9% in the last 24 hours.
According to CMC data, currently, the EOS price is at $0.8408 and trading above the 50-day and 200-day EMA, indicating bullishness. The EOS 50-day EMA at $0.7250 is supporting the price, while the 200-day EMA at $0.6873 is acting as a strong base.
December’s strong bullish rally propelled EOS price to $1.53 level, but then the price took a downward turn. After hitting a low of around $0.50 in March 2025, the cryptocurrency has started to pick up again. Now showing more buyers are interested in accumulating it, as it has gone above $0.85 recently.
Is the EOS Price in a Bearish Grip?
The MACD indicator shows that momentum is positive right now, with a reading of 0.0490 and the signal line at 0.0486. The histogram is positive, but it hasn’t quite reached the same level as it did in November and December.
RSI on the daily chart is showing 59.59, and the 14 SMA line is at 63.06, which means the market is showing a moderate bullish trend without being too overheated. This means there’s still some more room for the price to go up before it starts to face a consolidation or pullback.
Key resistance levels to watch include the immediate horizontal resistance at $1.0314, and if the price breaks through that, it could push the price up toward the highs from December near $1.50. Support can be found at the 50-day EMA ($0.7250) and at a bigger support area around $0.4420.
EOS could make an upmove, as its price is moving in the right direction and is being backed by key EMAs and good momentum signals. The cryptocurrency looks like it might be starting to go up, but traders should still be careful because there’s a resistance level at $1.0314. Investors and traders should keep an eye on buying volume to check if buyers are really sticking around.
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