EOS (EOSUSDT) is suffering from negative pressures - Analysis - 12-30-2024

The price of EOS/USD (EOSUSDT) has advanced slightly during its recent trading at the moment levels, amid continued negative pressure due to its trading below its previous 50-day simple moving average, and under the control of a short-term downward corrective wave. We also notice the occurrence of negative signals in the relative strength indicators, despite their stability in areas of severe saturation with selling operations, so that the price tries with its recent rise to compensate for part of the previous losses it incurred.

Therefore, our expectations indicate a decrease in the price of the currency during its upcoming trading, as long as it is stable below the resistance level of $0.8903, targeting the support level of $0.7030.

The expected direction for the upcoming trading: Down $EOS