EOS PRICE ANALYSIS & PREDICTION (April 2) – EOS Breaks Out Monthly Resistance With 40% Rally in a Week, Signals Bullish

Starting this week on a strong note, EOS posted significant gains and broke out of a crucial resistance level. This led to a serious massive explosion and is now looking strongly bullish on the daily chart. EOS has been on the bulls’ radar for the past three weeks now as volume flows back into the market. This came after mounting support at $0.435 in March but failed to overcome the $0.67 resistance after a bounce. It saw a rejection and consolidated for over a week. This led to a break out of a three-month falling resistance line before testing it as support. Yesterday, being the start of a new month, it flipped a crucial resistance level of $0.67 to a daily high of $0.82. This led to a significant shift in the daily structure and is now forming a double-bottom pattern on the weekly chart. Adjusting to the daily chart, it appears highly bullish as it posts double-digit gains today. A further surge in volatility could bring a significant recovery in the recent dip before considering a major shift in the trend. Right now, EOS appears to have found a bottom following the latest increase in the demand level. From the look of things, the trend is likely to shift completely if the bulls dominate throughout this month. There are currently no signs of the bears in the market. If they show up again, they must pull the price below last month’s low to gain control. As of now, the bulls are in charge. EOS’s Key Levels To Watch Source: Tradingview The latest surge was intercepted at $0.82 while EOS target $0.99. However, if it flips through these levels in the next surge, $1.25 and $1.5 are the next resistance levels to keep an eye on. Yesterday’s breakout resistance of $0.67 is now considered a support level for a pullback. Right below it lies the $0.545 and $0.435 levels – last month’s low. Key Resistance Levels: $0.82, $0.99, $1.25 Key Support Levels: $0.67, $0.545, $0.435 Spot Price: $0.8 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

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