💡 Quick technical analysis:
✅ Healthy correction brings EOS back to accumulation areas.
The current price is at 0.7051 after a previous rebound from 0.6821, indicating strong support and buying interest in the lower areas.
✅ RSI is at 30.96 – very close to being oversold.
This means the coin may be on the verge of a bullish rebound, especially if supported by upcoming buying momentum.
✅ The MACD indicator is currently negative, but momentum is slowing down.
The gap between the lines has started to narrow, which may open the door for a near positive crossover that changes the trend.
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📊 Technical pattern analysis – are we nearing a bullish breakout formation?
🔍 Is the “double bottom” pattern clear?
The currency touched a low at 0.6821, and rebounded to 0.7163 before falling again towards support – if it rebounds again from this area, we may see a very clear formation of a “double bottom” pattern.
🔍 Narrow sideways range – is it a consolidation phase?
The price fluctuates between 0.6821 and 0.7163 – this range is often used as a launching pad after a period of calm.
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🚨 Support signals from indicators:
RSI is very low (30.96) → usually, this is followed by a strong rebound.
Despite being negative, the MACD is approaching a positive crossover point.
Medium and stable trading volumes → indicating the market's readiness for a sudden move.
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🎯 Upcoming movement predictions:
Positive scenario: If the price breaks 0.7163 with a strong candle, we may see targeting levels of 0.7334 then 0.7500.
Negative scenario: Breaking support at 0.6820 could bring the price back to 0.6700 – which may present an additional accumulation opportunity.
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💬 My personal opinion:
EOS is currently moving in a neutral but promising area. The proximity to strong support, low RSI, and the potential formation of a bullish pattern all suggest that a price explosion may be near – but the final decision rests with the market.
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✅ Final advice:
Use a stop loss below 0.6800 to reduce risks.
Real-time monitoring over the next few hours is important, especially with the MACD crossover approaching.
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📢 Do you expect EOS to rebound from this area? Share your analysis and upcoming predictions!
