EOS coin is on the verge of stepping out of the short-term bearish era. The market right now seems much-troubled as, after the recent market crash in March, bears have attacked the space with extreme volatility once again.
The price may soon climb above the $2.60 price mark if the coin keeps making efforts to rise with a bit bullish approach. While EOS is in the process to rebound fully, the Bitcoin price is at $9137 with an approach to recover its recent price losses.
EOS has increased its price by almost 4% since yesterday; as per EOS coin price prediction, the currency is not showing any sure-shot bullish signs.
Over the last two days, the price tumbled noticeably, causing a decline of 5.52%. Bears must have surely affected the EOS price as it seems largely range-bound around $2.
Till yesterday 15:30 UTC, EOS kept consolidating between the 23.60% and 50% fib level. The coin notes $2.64 as its 3-day high price mark. The coin is approaching 78.60% fib level, and the same level may pose as a resistance level.
The Bollinger bands have just started to open up to volatility once again, although the EOS coin has just crossed the 200-day EMA line with a bullish approach while the MACD chart too is in the positive zone.