EOS price analysis: Bears surmount bullish peak to touch $5.11

TL;DR Breakdown The EOS price analysis updates shows a decrease in price.Bears have downgraded the price to $5.1 today.The resistance at $5.2 still remains to be crossed. The EOS price analysis is showing an uprising bearish momentum, which has resulted in a downtrend for the price. The bears have overcome the building bullish momentum, and have brought the price down to $5.11. The coin value has decreased slightly, and if the bearish momentum intensifies further then the price can lower even further. However, equal chances for the bulls stand as well, as they have been at lead previously and still the upgoing trend has not reversed yet. EOS/USD 1-day price chart: Bullish momentum gains slight upper hand The 1-day EOS/USD price chart is displaying encouraging results for the cryptocurrency, as the bulls are taking the lead at present. The bulls have significantly increased the price to $5.11, after successive attempts at overcoming the bearish obstacles. The Moving Average (MA) as seen from the chart is present at $5.01 which is below the price value as the bullish momentum has been quite considerable. EOS/USD 1-day price chart. Source: TradingView The volatility is gradually decreasing, which means that positive news can be expected in the future. The Bollinger bands also stand important in predicting the upcoming trends and their values are as follows; the upper band is at $5.71 and the lower band is at $4.7. The Relative...