$EOS Check out my latest transactions and see if you can surpass them!
Recently, prices have been fluctuating around 0.7564. In the short term, the market is in a rebound correction phase, with signs of overselling, but buying power is slowly recovering.
In the short term, although the downward momentum is significant, it is weakening, and the market may see consolidation or rebound demand, especially as it approaches the support level of 0.7531, where the possibility of a rebound should be monitored. The appearance of a doji and a flat top suggests a potential reversal or continued decline, and the recent bottom formation has not supported the price. The RSI is at a low level but shows signs of recovery, indicating that buying power is gradually strengthening but has not yet stabilized. The short-term EMA has broken downward and is far from the long-term EMA, indicating strong short-term downward momentum. The fast line is below the slow line in negative territory, and the shortening green bars show a weakening of downward momentum, with the market currently in a consolidation phase.
Current prices are at a low level, and oversold sentiment has eased. If the price approaches the support level of 0.7531 and shows a rebound signal, consider a light short-term buy to capture the rebound opportunity. At the same time, pay attention to resistance levels of 0.7639 and 0.7667; if the price cannot effectively break through these two resistances, consider waiting or taking profits. Be mindful of position control to cope with the low volatility market conditions.
