💡 Quick Technical Analysis:
✅ Decline then consolidation! EOS dropped to 0.6793 and then began to show relative stability at the level of 0.6847, which is close to the daily average price (AVL 0.6845), indicating a possible beginning of a rebound.
✅ RSI at 38.99! It has not yet entered the complete oversold area, but it is close – indicating a potential gradual return of bullish momentum.
✅ MACD shows a slight positive crossover! Despite weak momentum, the beginning of the crossover of the lines could be an indicator of a new upward movement.
---
📊 Technical Analysis – Are we facing a bullish breakout opportunity?
🔍 Is a double bottom pattern forming?
If the price remains above 0.6793 and rebounds towards 0.7063, the formation of a 'Double Bottom' pattern may be confirmed, which is a well-known bullish pattern.
🔍 Nearby resistance level: 0.6886
Breaking this level could push the price to test 0.7063 then 0.7235 again.
---
🚨 Supporting signals from indicators:
RSI is approaching bullish reversal zones → opportunity for smart entry.
MACD is about to crawl above the zero line → potential start of buying momentum.
Stochastic K/D/J indicator is crossing upward → short-term positive technical signal.
---
🎯 Upcoming movement forecast:
If it remains above 0.6840, we may witness a quick test of the level 0.6886 then 0.7063.
However, if support breaks at 0.6793, we may see a pullback towards 0.6720, and caution is advised.
---
💬 My personal opinion:
EOS is in an important technical support area, and the current scene shows potential accumulation before a breakout, but still needs confirmation through breaking the first resistance. Any momentum ignition now could turn the situation into a strong upward movement within hours.
---
✅ Final Advice:
Use a stop loss below 0.6760 to avoid false volatility.
Monitor the smaller timeframes (5m / 15m) for precise entry signals.
---
📢 Do you think EOS will return above $0.70 soon? Or is the correction not over yet? Share your opinion and be part of the discussion!