EOSUSDT has shown bearish momentum recently, with its price declining by 14.19% over the past month. The market has been dominated by sellers, leading to lower trading volumes and increased selling pressure. Currently, EOS is down 1.28% at around $0.89, and its market cap has also dropped by 1.32% .
However, technical indicators suggest a potential reversal. The EOS/USDT chart has formed a double-bottom pattern, which often signals a bullish reversal. Additionally, the MACD indicator is above the signal line, and the Bollinger Bands suggest increasing buying pressure, which could lead to an upward move if resistance at $0.931 is broken .
In contrast, some traders on TradingView still see EOS as neutral, with neither strong buy nor strong sell signals from moving averages and oscillators .
Summary
• Bearish Trend: EOS has been in a downtrend over the past month.
• Potential Reversal: A double-bottom pattern and bullish indicators suggest a possible price recovery.
• Key Resistance Level: $0.931 – a breakout above this could confirm an uptrend.
If you’re trading EOS, watch for confirmation signals before entering a position.$EOS