EOS coin has paced up its recovery after it met a few price plunges yesterday. The coin has managed to climb above $2 over the last couple of days; notably, the coin had dipped as low as $1.6 on March 13. The EOS price was above $5 around a month ago, and the current market circumstances have caused a few SR flips over the last couple of weeks.
Yesterday, the EOS coin was trading with a bearish bias initially. In the latter half, EOS found support at $1.88 before it sharply traded upwards to touch the $2 price mark. However, it couldn’t as it faced rejection at $1.98.
EOS closed the day at $2.03 after it formed a dip with a correction at $1.92. Today, the coin has resumed the uptrend and is battling with resistance above $2. Moreover, the coin has tested support levels at $1.98 today (just above the 50% Fib level).
EOS price has just moved above the moving average lines and is still heading upwards with a weak bullish bias. RSI of the coin is at 59 showing no extremities at the moment. Meanwhile, the MACD lines are in a positive area with its MACD line on the upside.
