EOS/USD Long-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1.

The EOS/USD pair is in a bearish trend zone. On January 1, the crypto has an opening balance of $2.62  with a closing balance of $2.35 as at January 31. The price of EOS also depreciated about 10.30% of its capitalization. At the beginning of the first week, the crypto was in a sideways trend. On January 10, the bears took price to the bearish trend as the price fell to the low of $2.45. The crypto’s price had since been trading below the EMAs; the 12-day EMA acting as a resistance to the price of EOS.

The bulls have failed to break above the EMAs. Today, the price of EOS is trading at $2.38 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish 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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