- EOS/USD breaks above key resistance levels at $5.500 and $5.800 respectively.
- The weekend low of $5.15 is the major support level on the downside.
After dipping to lows of $5.15 in the recent past, EOS price has begun an upside momentum and has already broken above key resistance levels at $5.500 and $5.800 respectively. There is general bullish wave sweeping across the cryptocurrency market with traders shifting their sentiments and buying more as opposed to selling.
EOS price is up by 3% in the last 24 hours, although the upside gains lack the momentum to push above the major resistance at $6.000. The 100 Simple Moving Average crossed below the 50 Simple Moving Average at $5.682 to signal that the price will consolidate below $6.000 in the short-term.
Similarly, there is a bearish momentum shaping near $5.835. However, the price is supported by the 50 Simple Moving Average. The major support level for EOS/USD is the weekend low at $5.15.
EOS/USD intraday 30’chart
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