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EOS/USD Long-term Trend: Ranging
Resistance levels: $ 6, $7, $8.
Support levels: $5, $4, $3.
The EOS/USD pair was range bound in the month of September with an opening balance of $6.38. The crypto’s price fell to the low of $4.69 and commenced a ranged bound movement in the month September. The digital currency closed at a price of $5.48. The EOS/USD pair had a loss of 14% of its capitalization.
In October, the crypto’s price fell in the first half of the month to the low of $5.24. The digital currency is expected to rise as the price is fluctuating above the major support level. Nevertheless, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Also, the Relative Strength Index period 14 is level 42 which indicate that price is in the sideways trend zone.
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