EOS (EOSUSDT) is suffering from negative pressures - Analysis - 01-22-2025
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The price of EOS/USD (EOSUSDT) has slightly declined during its recent trading at the moment levels, amid the dominance of the short-term downward corrective trend and its trading along the trend line, with the continuation of negative pressure due to its trading below its previous 50-day simple moving average, and in addition to the above, we notice the occurrence of negative signals in the relative strength indicators, after they had previously reached areas of severe saturation with buying operations.
Therefore, our expectations indicate a decline in the price of the currency during its upcoming trading, as long as it is stable below the $0.8903 level, targeting the support level of $0.7030.
The expected direction for the upcoming trading: Down $EOS