The currency pair has lost almost five percent in the past 24 hours. EOS is weak currently due to the problems with Mainnet. The currency pair has left the big triangle on the Hourly chart and develops its downside momentum.
Let’s have a closer look at the Hourly chart. The currency pair has tested the resistance area at $10.76 several times but retreated as bulls were unable to drive the currency pair higher. EOS/USD crossed the support area at $10.21 later and developed its downside progress. The possible ways for EOS/USD are the following:
1. Red scenario (bearish). The currency pair will develop its downtrend below $9.60 resistance area targeting the next support at $9.03.
2. Green scenario (bullish). EOS will run through the resistance area at $9.60 targeting the next resistance at $10.21.
Check the full crypto analysis HERE>>>.
Let’s have a closer look at the Hourly chart. The currency pair has tested the resistance area at $10.76 several times but retreated as bulls were unable to drive the currency pair higher. EOS/USD crossed the support area at $10.21 later and developed its downside progress. The possible ways for EOS/USD are the following:
1. Red scenario (bearish). The currency pair will develop its downtrend below $9.60 resistance area targeting the next support at $9.03.
2. Green scenario (bullish). EOS will run through the resistance area at $9.60 targeting the next resistance at $10.21.
Check the full crypto analysis HERE>>>.
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