EOS Today's Market: A Trend Change is Imminent, the Long and Short Battle is About to Erupt!
1. Technical Analysis
The current price is fluctuating in the range of 0.84−0.84−0.88, with the Bollinger Bands narrowing to a 4% volatility space. The MACD indicator is entangled near the zero axis, and the trading volume over the last 4 hours is only 8.76 million EOS, a decrease of 35% compared to yesterday, indicating a strong market wait-and-see sentiment.
Key levels:
Resistance: $0.88
Support: $0.84
2. Main Capital Trends
Bullish Signals:
Three whale addresses have been detected on-chain, cumulatively buying 3.2 million EOS.
The perpetual contract funding rate remains at a neutral level of 0.008%.
Bearish Signals:
Selling pressure of 2.1 million EOS at 0.88.
Exchange reserves increased by 4.1% weekly, increasing potential selling pressure.
3. Important News
Positive News:
The EOS network will undergo an important upgrade on August 28.
The ecological fund announced an additional $5 million developer incentive.
Negative News:
If BTC falls below $25,800, it may trigger a ripple effect of declines.
The depth of the EOS/USDT trading pair on mainstream exchanges has decreased by 15%.
4. Operational Advice
Breakout Strategy:
If 0.88 is broken with volume, consider light long positions, targeting 0.91-$0.93.
If it effectively drops below 0.84, consider short positions, targeting 0.80-$0.82.
Range Strategy:
High sell and low buy within 0.84−0.84−0.88, with a stop loss outside of 1.5%.
Risk Reminder:
Leverage is advised not to exceed 3 times.
Beware of abnormal fluctuations during US trading hours.
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Focus for the day: EOS ETH TUT BTC