EOS (EOSUSDT) rises under the influence of pivotal support - Analysis - 06-11-2024 $EOS

The price of EOS/USD (EOSUSDT) rose during its recent trading at the moment levels, due to the stability of the pivotal support level 0.4318, which gained it some positive momentum to try to drain some of its clear oversold condition with the relative strength indicators, especially with the beginning of positive signals from them, in light of the dominance of the main downward trend and its trading along a minor trend line in the short term.

Therefore, we expect the currency price to return to decline during its upcoming trading, especially in the event that it breaks the support 0.4318, to then target the support level 0.2957.

The expected trading range is 0.4310 (support) - 0.5048 (resistance)

The trend is likely to decline