EOSs currency price (EOSUSDT) rose in latest intraday trading, supported by trading above the 50-period SMA, as the price attempts to recover part of its previous losses. This comes amid the dominance of the main downward trend in the short term and trading alongside a descending trend line. Meanwhile, the Stochastic remains in extremely overbought territory, exaggerated relative to the price movement, which adds further negative pressure on the price.

Therefore we expect the currency to decline in upcoming intraday trading, as long as the resistance of 0.5568 holds on, targeting the support level of 0.4390.

Todays price forecast: Bearish