TL;DR Breakdown EOS price analysis shows bearish momentum as the resistance drops to $5.493.Support is found at the $4.81 price value.EOS price analysis shows surprising results in today’s charts. From the 1-day and 4-hours EOS price analysis, strong bearish momentum has been found, despite the bulls being at the upper hand previously. The selling parties have overpowered the market with a greater tendency towards selling their assets. This scenario has resulted in a decrease in price levels to $5.49 value, with the support levels observed to be $4.8 for today. EOS price analysis: 24-hours candlestick chart displays bearish activity with $5.62 resistance The daily EOS price analysis is giving the bears a lead as the price levels drop to $5.519 after a strong bullish uphold. This has surprised the analysts, and turned many towards the selling side, after the sudden shift in the market trend. The calculated moving average (MA) over the past week has been $4.98 which has been going above during the past week. The average price value of the Bollinger bands (BB) is present at the $4.50 mark. EOS/USD 1-day price chart. Source: TradingView The Relative Strength Index (RSI) is showing the score at 75.22 which has crossed the over-bought limit, as the past week has been favorable for cryptocurrency. The volatility for the candlestick chart is gradually increasing, as the upper band reaches the value of $5.63 and the lower one st...
