EOS Rebounds at the Overhead Region, Targets $5.50 High

[MRM]

EOS could not continue with its impressive bullish run because it reached the overbought region of the market.

Sellers emerged to push prices downward. Since August 16, the EOS coin fell from its peak price of $3.95 to $3.37 low. EOS was corrected upward and retested the $3.60 high. This retest compounded the selling pressure as the coin reached a low of $2.85 on August 27. Now, on August 30, EOS shows signs of price rebound.
Source: https://coinidol.com/eos-price-rebounds/

[highnayem34]

EOS will resume an upside momentum if the bulls push price above the EMAs or the $3.20 price level. The coin will rise but face resistance at $3.40 high. Nonetheless, if price breaks above the $3.40 resistance, EOS will achieve accelerated price movement to retest or break the $3.95 resistance. Conversely, if the bulls fail to push price above the EMAs, EOS will drop to $2.60 low. Today, the altcoin is in a bullish momentum, trading at $3.19.