EOS technical analysis: EOS breaks a major level

EOS/USD is 3% higher on the session as many other cryptocurrencies suffer.
The trendline that originated back in May has now been broken.

Rajan Dhall, MSTA FX Daily

Last week EOS/USD was flirting with the long term trendline that originated back at the end of May.

After consecutive lower highs and lower lows it seems that the price has broken out to the upside.

What is good about this move is that it was backed by volume. Right at the end of the move those who have a keen eye would notice the divergence from the RSI indicator.

On the daily chart above the next major resistance is 5.50. This is where price found support after the rally up to 8.90 in May.

3.00 could now be a base for the pair as it was firmly rejected and now inspired a break to higher levels.

One thing I would be wary of on the technical standpoint is the RSI at its current level. Right now it is forming something called a failure swing or bearish hidden divergence. If it reaches overbought it might attract some sellers. From an intraday point of view 3.45 will be the support level to watch if there is some mean reversion after the break higher

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin rebounds after testing an intraday low at $60,000 amid persistent retail investor exit. Ethereum shows subtle signs of recovery, but ETFs outflows limit upside. XRP gains by over 10% on Friday amid mild ETF inflows and a drop in futures Open Interest to $2.40 billion.

Bitcoin Weekly Forecast: The worst may be behind us

Bitcoin price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.

Pi Network hits record low despite plans to deploy KYC validator rewards in March

Pi Network hovers above $0.1400 on Friday, up from the $0.1300 record low seen earlier in the day. The sell-off continues even as Pi Network has announced that it will distribute KYC validator rewards by the end of March.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.