EOS: The Rollercoaster Ride to $0.72 – Hold On Tight! 🎢💰

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  • Both the 1-day and 4-hour price structures are strutting their bullish stuff.
  • A 10% price bounce is practically knocking at the door, courtesy of the liquidation heatmap.

Ah, the weekend was a benevolent friend to EOS [EOS]. On the 12th of April, it soared like a bird, rallying 13.68% from $0.619 to $0.704. Just two weeks prior, it had the audacity to shatter the bearish daily market structure, blasting past the $0.641 resistance (red) like a kid on a sugar high.

As we speak, the valiant EOS bulls are engaged in a fierce duel to defend the $0.64 region as support. And guess what? They seem to be winning, at least for now!

Yet, the market sentiment is still tinged with a hint of fear, and the mighty Bitcoin [BTC] holds the power to dictate whether EOS can continue its triumphant march.

EOS bulls valiantly defend the $0.65 demand zone, eyes set on the heavens!

The bullish market structure break on the 1-day chart made its grand entrance toward the end of March, when prices rocketed past $0.641. Since then, we’ve seen a higher high at $0.884 and a higher low at $0.588—talk about a rollercoaster!

Thus, investors can don their rose-tinted glasses and adopt a bullish outlook for EOS. However, the recent 90-day tariff pause announcement by the US was like a rain cloud over a picnic, failing to clear the uncertainty in the wider market. Caution is the name of the game for our bullish friends.

The OBV has been on an upward trajectory in recent weeks, and the RSI is strutting above neutral 50. Together, these indicators and the price structure are waving their flags of bullishness.

The 4-hour chart backs this up, flaunting a bullish structure after Saturday’s rally took it beyond the lower high at $0.6645. Bravo!

Moreover, a set of Fibonacci retracement levels were plotted, revealing that the 78.6% level at $0.614 was tested before the bullish reversal. Another feather in the cap of our bullish brigade!

This was yet another bullish signal on the lower timeframes. The $0.71 area has sent the bears packing, but a move higher seems to be on the horizon.

The 1-month liquidation heatmap has spotlighted the $0.72 and $0.8 regions as the nearby magnetic zones of interest. Some liquidity has built up at $0.63-$0.64, which could be tested in the coming hours. Will it hold? Stay tuned!

With the H4 bullish structure in play, a move to $0.72 seems imminent. If BTC can keep its upward momentum, EOS might just extend its gains and reach the $0.8 resistance over the coming week. Buckle up, folks! 🚀

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2025-04-14 04:10