EOS Price Key Highlights EOS price looks prime for a break of a short-term support zone, paving the way for further declines. Price is also trending lower inside a descending channel visible on the 4-hour and daily time frames. Horizontal support levels are also nearby, and buyers might be waiting to defend those areas once tested. EOS is still in selloff mode as it bounced off the top of the descending channel and sets its sights on support. Technical Indicators Signals The 100 SMA is still above the longer-term 200 SMA to signal that the path of least resistance is to the upside. This suggests that there’s still a chance for bulls to return, possibly on a break of the channel top around 8.000. However, the gap between the two moving averages is narrowing to signal weakening bullish momentum. At the same time, the 50 SMA is below
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