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EOS Price Prediction Today: Daily (EOS) Value Forecast – April 29

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  • On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to test the $5.40 resistance level.
  • On the downside, if the bulls failed to sustain the price above the EMAs, the price of EOS will fall.

EOS/USD Medium-term Trend: Bearish

  • Resistance levels: $ 6, $7, $8.
  • Support levels: $4, $3, $2.

Last week the price of EOS was in a bearish trend. The crypto’s price had been on a downward fall since April 10. Last week the bulls were resisted at the $5.60 and $5.40 resistance levels and the crypto’s price fell to the support of the $4.60 price level. The crypto’s price is in a bullish movement as the bulls attempt to break above the 12-day EMA and the 26-day EMA. The bulls broke above the EMAs but could not sustain the price above it.

On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to test the $5.40 resistance level. On the downside, if the bulls failed to sustain the price above the EMAs, the price of EOS will fall. Meanwhile, the stochastic is in the overbought region but below the 80% range. This indicates that the price of EOS is in a bearish momentum and a sell signal.

EOS/USD Short-term Trend: Bullish

On the 1-hour chart, the price of EOS was in a bullish trend zone. The bulls were facing resistance at the $4.96 price level. Each time the bulls tested the $4.96 resistance level the price would fall to the bearish trend zone.

The price is now back above the EMAs attempting to retest the $4.96 resistance level. The price is trading at $4.90 as at the time of writing. Meanwhile, the stochastic is in the oversold region but above the 40% range. This indicates that the price of EOS is in a bullish momentum and buy signal.

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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