EOS Daily Price Forecast – October 26

EOS/USD Medium-term Trend: Ranging

Resistance levels: $ 6, $7, $8.
Support levels: $5, $4, $3.

Yesterday, October 25, the price of EOS was in a sideways trend. The crypto’s price currently fluctuates between the levels of $5.40 and $5.60 daily. Yesterday, the digital currency reached a high of $5.46 and was resisted. The crypto’s price faces resistance at $5.60.

Today, the price also fell to the low of $5.41 and began a bullish movement because of the resistance at $5.40. Traders can trade the key levels of $5.40 and $5.60 pending when the digital currency encounters price breakout . Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. In the same vein, the MACD line and the signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.