💡 Quick technical analysis for EOS/USDT:
✅ A sharp drop of -5.50% brought the price down to $0.6753 after it had reached a peak of $0.7631, reflecting strong selling pressure – but it might be a smart accumulation opportunity.
✅ The RSI is only at 24.74! – This indicates a strong entry into the oversold area, which often signals a potential upcoming rebound.
✅ The MACD is still in the negative zone but is close to a bullish crossover, which may indicate upcoming positive momentum.
✅ Trading volumes are low and stable – indicating that the market is calming down, which often precedes price explosions.
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🚀 Expected scenario:
If the price rebounds from the current area ($0.67), we might see an attempt to rise to $0.70 – $0.72 in the near term.
If it breaks the nearby support at $0.6740, we might see a visit to the $0.6535 level as the last support before a reversal.
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🔍 Signals from the indicators:
RSI is very low = the market is oversold → a high likelihood of an upcoming rebound.
MACD is close to a positive crossover = negative momentum is weakening → opportunity for a reversal.
Stochastic K & D are at very low levels = additional confirmation of oversold conditions.
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🎯 Expectations for the next movement:
Positive scenario: rebound from $0.6740 and rise towards $0.7200.
Negative scenario: break below $0.6740 towards $0.6535 followed by a subsequent rebound.
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💬 My personal opinion:
EOS is clearly in a selling pressure phase, but all technical indicators are screaming 'rebound soon'!
The current area is seen as a smart accumulation opportunity with a calculated stop loss.
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✅ Final advice:
Use a stop loss below $0.6530 to protect capital.
Don't enter with full liquidity at once – adopt a staggered entry strategy.
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📢 Do you expect EOS to soar above $0.70? Or is there a deeper drop waiting for us? Share your prediction now!