EOS Technical Analysis: EOS/USD touches new 3-month low below $7, sellers eye static $6 support
|- Despite a broad-based recovery in crypto markets, EOS extends losses on secret key vulnerability, touches the lowest level since April 11 at $6.75.
- A daily close below $7, where the static support that held the sharp June fall aligns, could open the door for further losses toward the next target at $6.
- The RSI indicator on the daily chart is within a touching distance of 30, suggesting that there could be a pause before the next selling wave.
EOS/USD daily chart
Spot rate: 6.95
Relative change: 1.3%
High: 7.13
Low: 6.75
Trend: Bearish
Support 1: 6.7500 (daily low).
Support 2: 6.4500 (Dec. 12 & 19 low).
Support 3: 6.0000 (psychological level/static support).
Resistance 1: 7.7300 (Fib. 78.6% retracement of March - May uptrend).
Resistance 2: 8.1500 (50-DMA).
Resistance 3: 9.0000 (psychological level/static support).
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