Latest EOS Price Prediction: Has it Broken Through?

Bittime - EOS 2024 price analysis suggests a potential bounce from $0.55 support with a possible rise towards $0.85 if the key resistance is broken. 

Short-term price predictions suggest a move towards $0.54, but EOS is expected to rise to $0.70 by mid-August and peak between $1.30 and $1.50 by the end of the year.

EOS Price Analysis 2024

EOS immediately bounced and took back the horizontal area. An upward movement is indicated by a bullish divergence on the RSI and MACD (green). EOS tried to break out of trend resistance on July 31, but was unsuccessful. Instead, the price remains trading above the $0.55 support.

It is expected that a break above the resistance trend line will occur due to the takeover of the support area and bearish divergence. If this happens, the next resistance will be at $0.85.

Latest EOS Price Predictions

The wave count and fractal price predictions both provide similar targets for EOS by the end of 2024. Both suggest the price will increase towards a peak that will be reached in the first half of 2025. The actual projected price of EOS is $1.30 and $1.50.

Short Term EOS Price Prediction

EOS price for the next 24 hours depends on the breakout of the resistance trendline; however, as the trendline shows rejection, EOS price may trade lower tomorrow until it reaches the $0.54 horizontal support area. After that, EOS may rise to $0.70 by mid-August.

Conclusion

With indications of bearish divergence on the RSI and MACD indicators, EOS price shows a potential bounce and strength at the $0.55 horizontal support area. However, an attempt to break the resistance trendline on July 31 was unsuccessful, the price remained stable above support.

According to wave count analysis and fractal price prediction, EOS price is projected to reach the next resistance at $0.85 if a break above the resistance trendline occurs. Predictions say the price will be between $1.30 and $1.50 by the end of 2024 and will peak in the first half of 2025.

If the resistance trendline remains rejected, EOS price may move lower towards the $0.54 horizontal support area in the short term. However, after reaching this support, the price may rise again to $0.70 by mid-August. Overall, the EOS price prediction suggests the possibility of a major upside in the medium to long term; if the key resistance can be broken, the price target will be very high.

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