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EOS Price Prediction Today: Daily (EOS) Value Forecast – May 6

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  • On the upside, if the $4.96 price level holds, the bulls may likely break the EMAs to reach the bullish trend zone.
  • On the downside, if the $4.96 price is broken the crypto’s price will fall to a low at $4.60 price level.

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 bullish trend. The crypto’s price rose to a high of $5.30. The bulls were resisted at the $5.30 price level and the price fell to a low at $5.10 or at the 26-day EMA support level. The crypto’s price ranges above the 26-day EMA in the last 48 hours before the bears broke below the 26-day EMA to a low at $4.96.

On the upside, if the $4.96 price level holds, the bulls may likely break the EMAs to reach the bullish trend zone. On the downside, if the $4.96 price is broken the crypto’s price will fall to a low at $4.60 price level. Meanwhile, the stochastic is in the oversold region but below the 40% range. This indicates that the price of EOS is in a bearish momentum and a sell signal.

EOS/USD Short-term Trend: Bearish

On the 1-hour chart, the price of EOS is in a bearish trend. The crypto’s price was resisted at the $5.40 and $5.20 resistance levels. At the $5.40 resistance level, the crypto’s price fell to a low at $5.04 below the 12-day EMA and the 26-day EMA.

The bulls pulled above the EMAs but were resisted again at the $5.20 price level. The price of EOS is trading at $4.98 as at the time of writing. Meanwhile, the stochastic is in the oversold region but below the 40% range. This indicates that the price of EOS is in a bearish momentum and sell 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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