💡 Quick Technical Analysis:
✅ Rocket rebound! After dropping to $0.6638, the price rebounded strongly to $0.6875 in consecutive bullish candles, reflecting clear buying interest at the lows.
✅ RSI at 70.42! This means that buying momentum is very strong, but it is approaching the overbought territory – caution is required but there is still room for further short-term gains.
✅ Positive crossover in MACD! Although it remains in negative territory, the blue line (MACD) has started to cross the orange line (DEA), an early signal of a potential new upward wave.
✅ Trading volumes are on the rise! This enhances the credibility of the current rebound, as the movement is supported by an increase in volume.
🚀 Expected scenario:
If the price manages to break through the nearby resistance level at $0.70, we may witness a rapid rise towards $0.713 or even $0.7235, which is the previous peak.
In the event of a pullback, the $0.663 - $0.668 area represents strong support that could form a new launching pad.
🔥 Is EOS ready to soar again?!
The market is currently reflecting a clear intent from buyers to defend the current levels. The smart trader may see these fluctuations as a valuable opportunity, but risk management is always the key to success!
📢 Share your opinion! Do you think EOS will break the $0.70 barrier and continue its journey? Or is a pullback coming? 🚀👇