EOS (EOSUSDT) price settled lower in its latest intraday trading, under continued negative pressure from moving below its 50-day simple moving average, which acts as dynamic resistance preventing any recovery attempts. This comes amid the dominance of the main downward trend and trading along a short-term descending trend line that reinforces the bearish path. Additionally, negative signals are appearing in the Stochastic indicators, despite being deeply oversold, which further adds to the selling pressure.

Therefore, we expect the price to decline in its upcoming intraday trading, as long as it remains below $0.5860, targeting the key support level at $0.4354 in preparation for breaking it.

Today's price forecast: Bearish