By NoriFtm | Binance Square Write to Earn
Category: Layer 1 Blockchain
Current Price: $0.7401 (+8.23%)
24H High/Low:
High: $0.7631
Low: $0.6738
24H Volume:
EOS Volume: 58.85M
USDT Volume: $42.48M
Price Action & Key Levels
EOS is showing strong momentum today, trading near $0.74 after an 8% rally. Price is testing critical resistance at $0.7631, with support zones forming at $0.7080 and $0.6738.
Resistance Levels: $0.7631 / $0.7880
Support Levels: $0.7080 / $0.6738
Technical Insights
Fibonacci Retracement (from $0.6738 to $0.7631):
38.2%: $0.7365
50%: $0.7184
61.8%: $0.7002
ATR (14): $0.043 → Indicates an expected daily range of $0.697 – $0.783
VWAP: Currently around $0.7280; with EOS trading above VWAP, buyers are maintaining control for now.
Scenarios to Watch
Bullish Case:
Holding above $0.7184 (50% Fib) keeps the uptrend intact
A break beyond $0.7631 could pave the way toward $0.79–$0.7880
Bearish Risk:
Rejection at $0.7631 might trigger a pullback toward $0.7080
A drop below $0.7000 exposes price back to the recent low at $0.6738
Trading Strategies
Spot Traders:
Buy Zone: $0.7080–$0.7250
Targets: $0.7630 / $0.7880
Stop-Loss: $0.6730
Futures Traders:
Long Setup:
Entry: $0.7250
Targets: $0.7630 / $0.7850
Stop-Loss: $0.6980
Short Setup:
Entry: $0.7630
Targets: $0.7360 / $0.7080
Stop-Loss: $0.7750
Market Takeaway
EOS has cleared key technical hurdles and is trading solidly above VWAP, signaling sustained buyer strength. While resistance at $0.7631 remains pivotal, momentum indicators suggest room for further upside if buying pressure holds. Watch for possible consolidation or a quick pullback as traders lock in profits near Fib levels.
Is this rally headed for $0.79, or will resistance trigger short-term profit-taking? Stay tuned.
Published by NoriFtm for Binance Square Write to Earn – building insights daily for crypto traders.
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