Resistance levels: $ 6.0, $6.5, $7.0
Support levels: $5.5, $5.0, $4.5

Yesterday, October 8, the price of EOS was in a sideways trend. Yesterday, the digital currency was resisted at a price of $5.99. The $6.0 price level is a resistance level for the digital currency. The price of EOS is making another bullish movement to break the resistance at $6.0 price level.

The price of EOS had been ranging between the $5.48 and $5.72 in attempt to break the $6.0 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that price is rising.

On the 1-hour chart, the price of EOS is in a sideways trend. The cryptocurrency reached the price at $5.75 and was fluctuating above that level. Also, the price of EOS is above the 12-day EMA and the 26-day EMA which indicates that price is rising. Nevertheless, the Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

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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