cryptoknowmics.com
The EOS price action shows a bullish trend in motion with the help of a Support trendline ready to exceed the 100-day SMA. Key technical points:
- The EOS prices jumped by 15.12% in the last 24 hours.
- The Bullish reversal is ready to exceed the 100-day SMA in the daily chart.
- The 24-hour trading volume of EOS is $447 Million, indicating a hike of 116%.
Past Performance of EOS
As teased in our previous article, the EOS prices Break above the $1.20 resistance level and head towards the overhead resistance at $1.40. The morning star formed at the support trend line propels the market value by 18% in the last 48 hours to approach the $1.30 mark. Additionally, the bullish trend faces opposition from the 100-day SMA at $1.35. 
Source- Tradingview
EOS Technical Analysis
The EOS price chart displays an increase in the buying pressure as the trend continues with a surge in intraday trading volume. Hence the likelihood of an uptrend continuation above the $1.40 resistance level increases over time. As mentioned before, the uptrend has breached the 50-day SMA and approaches the next bearish milestone of the 100-day SMA in the daily chart. Moreover, the opposing SMA breakout will target the 200-day SMA as the next bearish milestone, which shows potential for a 40% uptrend if the buying pressure sustains. The RSI indicator displays an increase in the underlying bullishness as the uptrend continues from 37% to the overbought boundary at 70%. Additionally, the 14-day average line provides bullish support to keep the uptrend moving. The MACD and signal lines continue to gain bullish spread with an increase in the bullish histograms reflecting an increase in buying pressure. Hence the indicator displays a high likelihood of an uptrend continuation above the $1.40 mark. In a nutshell, the EOS Technical Analysis projects multiple bullish entry opportunities at the current market prices. Meanwhile, safe traders can find a breakout opportunity when the market price exceeds the 100-day average.
Upcoming Trend
Considering the buying pressure sustained over the week, the EOS market price will skyrocket above the psychological mark of $1.50. Conversely, a bearish reversal from the 100-day SMA will result in a downtrend to retest the $1.20 breakout. Resistance Levels: $1.35 and $1.50 Support Levels: $1.20 and $1