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EOS: Will $0.72 be the next target after the 13.68% rally?
At the moment, the EOS bulls are fighting to defend the $0.62 level.
Market sentiment is still a bit fearful and Bitcoin (BTC) will affect whether EOS can continue to recover or not.
Currently, the EOS bulls are striving to defend the support level of $0.65 and are looking for ways to push the price higher.
The United States' announcement to temporarily suspend tariffs for 90 days is not enough to dispel the instability in the overall market, and the EOS bulls must be cautious in adjusting their optimism.
OBV has been on an upward trend in recent weeks and the RSI remains above the neutral level of 50. Together, the indicators and price structure indicate reasons for optimism.
The $0.71 area has successfully resisted downward pressure, and the price action indicates a strong potential for growth.
Supporting this outlook, the 1-month liquidation map identifies $0.72 and $0.8 as key liquidity zones, with strong interest also observed around the $0.63 – $0.64 area as the price of EOS retests this zone.
With the bullish structure observed on the 4-hour chart, a rally towards $0.72 seems imminent. If Bitcoin continues its upward trend, EOS may leverage this momentum and aim for the resistance level of $0.8 in the coming week.
You can see the price of EOS here.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.
Viet Cuong
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