<em>EOS prices display a bullish reversal from the support trendline, with increased volume teasing a trend continuation to the $2 mark. </em>

The fatal drop in EOS prices bounces back from the support trendline sustaining above the 50-day SMA. Currently, the morning star pattern forming at the trendline shows a bullish follow-through candle teasing a price jump above the psychological mark of $1.50. So, will this trend sustain in these volatile market conditions to reach the $2 mark?

<strong>Key Points: </strong>
<ul>
 	<li>The EOS prices jump by 11% from the support trendline.</li>
 	<li>The RSI slope resurfaces above the halfway line.</li>
 	<li>With a market cap of $1.51 Billion, the intraday trading volume of EOS has increased by 81.22% to reach $546 Million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/3/34cPS4K0.png" alt="EOS/USD Price Chart" width="2047" height="1006" />

<span style="font-weight: 400">Source- </span><a href="https://www.tradingview.com/x/34cPS4K0/"><span style="font-weight: 400">TradingView</span></a>
<h2><span style="font-weight: 400">EOS Technical Analysis </span></h2>
The EOS prices drop 25% to test the 50-day SMA at $1.35, close to the support trendline with a declining intraday trading volume. However, the bund control at the support trendline with the morning star pattern.

The bullish reversal accounts for a price jump of 11 % over the last two days and reclaims the psychological mark of $1.50. Hence, the improving market condition increases the possibility of an uptrend continuation.

If the EOS sustains above the psychological mark of $1.50, an uptrend to $2.0 is possible if the buyers overtake $1.75.

Conversely,  a downfall below the support trendline will result in an increased supply pressure dropping the market price to $1.20.
<h2>Technical Indicators</h2>
The RSI slope resurfaces above the halfway line to challenge the 14-day SMA reflecting an increase in the underline bullishness.

The MACD indicator displays a bullish turnaround in the fast line teasing a bullish crossover as the buying pressure increases.

Hence, the technical indicators project a possibility of EOS prices reaching the $2 mark.

Resistance Levels: $1.75 and $2

Support Levels: $1.35 and $1.20

EOS Technical Analysis: Retaliating Bulls Hold Support Trendline

EOS prices display a bullish reversal from the support trendline, with increased volume teasing a trend continuation to the $2 mark. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

EOS Technical Analysis: Retaliating Bulls Hold Support Trendline

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