EOS had a range trend last week, and the price of this currency, as it is in the weekly time frame in the descending channel, hit the bottom of the channel in the daily time frame with the selling pressure that started from the $1.20 range. Even today, this floor is broken. Again, the price has hit one of the important supports in the daily time frame, and this range has been associated with a positive reaction. The support is in the price of 1.03 to 1.04 dollars. This range has been the reversal zone in the past on the four-hour time frame.
But as long as this support range is maintained, there is potential for price reversal. Also, if the price returns above the range of $1.10 and breaks the resistance of the downward trend line in the 4-hour time frame, the price growth potential will be provided to the target of $1.16-1.17. But if the selling pressure increases and the support are broken, the decline could continue to the previous ATL range at $0.815-$0.854.
But as long as this support range is maintained, there is potential for price reversal. Also, if the price returns above the range of $1.10 and breaks the resistance of the downward trend line in the 4-hour time frame, the price growth potential will be provided to the target of $1.16-1.17. But if the selling pressure increases and the support are broken, the decline could continue to the previous ATL range at $0.815-$0.854.