Yesterday, January 24, the price of EOS was in the bullish trend zone. The bulls have sustained a price above the 12-day EMA and the 26-day EMA in the last four days. Meanwhile, the 12-day EMA and the 26-day EMA provides support for the bullish trend. The price of EOS is facing resistance above the $2.50 price level.

If the bulls break the resistance at the $2.55, the crypto will reach the previous high of $3.0. On the other hand, if the bears break below the 12-day EMA and the 26-day EMA, the crypto will find support at the $2.33 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

On the 1-hour chart, the price of EOS is in a bullish trend zone. Yesterday, the crypto’s price was retracing from the bullish trend zone and it fell to the low of $2.44. Also, the bulls broke the 12-day EMA and the 26-day EMA to the high of $2.49. The crypto’s price is fluctuating above the EMAs.The MACD line and the signal line are above the zero line which is a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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