TL;DR Breakdown EOS price analysis reveals a bearish strike in control during the past 24-hours.EOS is struggling to break past the $5.20 psychological barrier.Strong support is found at the $4.92 level. EOS price analysis reveals that the cryptocurrency has been overpowered by a bullish strike that started on the 25th of August. The strong drop in the price happened at the time when the market turned bearish as a whole. In the past 12 hours, the EOS price has been struggling to stay afloat above the $5 psychological barrier, and strong support has been found at the $4.92 level. EOS price analysis reveals bearish control on the 1day chart The EOS price analysis on the one-day candlesticks chart reveals that the bulls have been in control of the cryptocurrency for as much as the past 12 hours. The cryptocurrency is hovering near the $5.20 mark but unable to break past that threshold until at the time of writing. The volatility is also increasing compared to the past few days, and the upper Bollinger band is found at the $5.90 mark, while the lower Bollinger band is found at the $4.19 mark. EOS/USD 1-day price chart. Source: Trading View Interestingly the Bollinger bands base value of $5.05 is serving as strong support for the cryptocurrency, whereas the nine-day moving average (MA) value of $5.26 is serving as the strong resistance for EOS. The relative strength index (RSI) score of 55.62 is favoring the cryptocurrency with a...
