💡 Quick Technical Analysis:
✅ Strong recovery after the drop!
The price rebounded from a low of 0.6535 and gradually rose to 0.6861 with resistance near 0.6916 – indicating a return of buying appetite!
✅ RSI is positive and rising!
The Relative Strength Index is at 62.91 – close to entering the overbought zone, but there is still room for further rise before a potential correction.
✅ MACD is approaching a positive crossover!
The MACD shows increasing momentum with a clear convergence between the DIF and DEA lines – any bullish crossover could ignite movement towards new levels!
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📊 Potential Technical Pattern?
🔍 Are we facing an ascending base pattern?
Recent movements show an upward pattern with gradually higher lows – this may indicate accumulation before breaking resistance.
🔍 The MA(5) and MA(10) averages show support!
The convergence of the 5-day average with the 10-day average supports the upward trend.
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🚨 Supporting Signals from Indicators:
Stochastic (K: 73, D: 71) is very close to a positive crossover, enhancing the chances of a breakout.
Trading volume is stable, supporting the hypothesis of accumulation before a breakout.
The reference price of 0.6857 has been slightly exceeded – a sign of strength!
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🎯 Expected Scenario:
If resistance at 0.6916 is broken firmly, the next target could be 0.7050 – 0.7150.
However, if there is a rejection at resistance, support at 0.6640 – 0.6680 is considered a potential rebound area.
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💬 My Personal Opinion:
EOS is giving strong signals of intent to move – holding above 0.68 confirms that buyers have returned. The strong MACD and RSI crossover reinforces the bullish scenario.
But beware of nearby resistance – surpassing it is the crucial signal!
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✅ Final Advice:
Set a stop loss below 0.6640 to protect capital.
Real-time monitoring is important in the coming hours – the opportunity is approaching!
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📢 Do you think EOS will surpass 0.70 and enter a new bullish wave? Or are we waiting for a sudden correction? Share your opinion!