EOSUSD Medium-term Trend: Bullish
Supply levels: $14.0, $13.5, $13.0
Demand levels: $11.0, $11.5, $12.0
The EOS price was in a bearish market. On 28 May, the asset fell from $11.6 to $10.80 but immediately started a bullish movement. Today, the asset was trading at $12.25 at the time of writing. The weekly chart shows that the asset in a bullish trend, breaking the resistance level at $12. The asset may reach $15 but may face resistance at $14.
Meanwhile, the relative strength index period 14 is level 56, indicating that the price is in a range-bound zone.
EOSUSD Short-term Trend: Ranging
The daily chart shows the EOS price is in a range-bound movement. The asset rose from $10.5 to $12.5. EOS is now fluctuating from $12.5 to $12 in a horizontal pattern. The 20-day and 50-day moving averages are trending in a ranging pattern. This indicates that the asset price will lead to an eventual breakout.
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