$EOS Strong rebound touches key resistance, short-term focus on the trend after testing support
EOS has strongly rebounded from a low of $0.43, reaching a high of $0.861, with a short-term increase of over 100%. Currently, it is oscillating around $0.808.
If EOS can find support in the $0.75-$0.78 range, it is expected to further challenge the $0.86-$0.90 area; otherwise, caution should be exercised for a pullback testing the support strength around $0.70. In terms of operations, conservative traders may wait for a confirmation after a pullback before considering a buy on dips, rather than blindly chasing highs.
From the latest contract data, in the short term (15m, 30m, 1h), institutional funds have flowed in between 60.26K - 110.8K, but there has been a significant outflow of -999.77K in the 1h period. Meanwhile, retail funds have seen inflows but the total amount is relatively small, indicating that short-term funds are still in a tug-of-war, but there are signs of institutions taking profits.
In the medium term (4h, 8h, 12h), institutional funds have seen a slight inflow of 63.08K since 4h, but there was a large outflow of -1.87M within 8h, while retail funds saw an inflow of 129.65K in 4h, which subsequently weakened, showing that market sentiment is beginning to diverge, and there may be adjustment pressure in the short term.
In the long term (7d, 30d, 60d), data shows that institutional funds have flowed out -37.17M in 30d and -17.14M in 60d, indicating that the long-term trend has not changed, and the sustainability of the rebound is in doubt.