$EOS has experienced a notable decline, dropping 6.183% in the past 24 hours, with price action confined between a high of 0.868 and a low of 0.7923. The current downtrend aligns with broader market sentiment, compounded by inflation data reflecting economic uncertainty that can squeeze risk assets. Bollinger Bands indicate EOS is nearing the lower threshold at 0.796, but support stands strong at 0.7597. Despite Bitcoin's undefined correlation, macro news influences volatility. Traders should adopt a short-term strategy given the high fluctuations and adverse trend signals. Key takeaway: EOS may present short-term trading opportunities, but caution is warranted amidst prevailing market headwinds.
