EOS Price Prediction Today: Daily (EOS) Value Forecast – March 28

[MUGNIA]

- On the downside, if price retraces and breaks below the EMAs, the crypto’s price will resume its downward trend.


EOS/USD Medium-term Trend: Bullish
Resistance levels: $ 6, $7, $8.
Support levels: $3, $2, $1.
Yesterday, March 27, the price of EOS was in a bullish trend. The crypto’s price was in an uptrend as the bulls reached a high of $4.40. The bulls were resisted and the price is retracing from the recent high. On the upside, if price retraces to the support of the EMAs, the crypto’s price will resume its uptrend.

On the downside, if price retraces and breaks below the EMAs, the crypto’s price will resume its downward trend. However, the crypto’s price is above the EMAs indicating that price is in the bullish trend. Meanwhile, the stochastic is at the overbought region but above the 80% range. This indicates that the price of EOS is in a strong bullish momentum and a buy signal.

EOS/USD Short-term Trend: Bullish


On the 1-hour chart, the price of EOS was in a bullish trend. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise. The crypto’s price is retracing from the recent high to the support of the 12-day EMA.


 
On the downside, if the price breaks below the EMAs, the price will depreciate further. Also, the stochastic is in the overbought region but below the 60% range. This indicates that the price of EOS is in a bearish momentum and sell signal.

source:https://bitcoinexchangeguide.com/eos-price-prediction-today-daily-eos-value-forecast-march-28/