Is $ 0.70 last order of defense?

EOS has reduced over 10% in the last 24 hours and now tests a critical support area to support about $ 0.70. Although the trend stays in a group, this level represents a chance of high confluence for a potential bull-reaction if you look for steps.

EOS (EOS) He entered a key phase in his market structure after a steep corrective move, returned it to the support zone of $ 0.70. This level is significant not only due to its reactions of the historical price, but also due to strong technical esteem.

Although the sale has raised concerns about the potential failure, the falling structure, together with the tested levels, suggests a corrective phase, not the entire trend of the turnaround. Merchants now carefully watch this zone to assess whether the wider trend of the bacara can continue or if the greeder will deepen.

Key technical points

• Main support zone: $ 0.70 aligns with daily structure, VVAP, POC and 0.618 Fibonacci retrebation
• Corrective structure Price: A recent decline seems to be a grid rather than impulsive sales
• Resistance goal: $ 0.93 remains the target of upsedare if support from $ 0.70 and begins in a turn

EOS currently trades above $ 0.70, a key zone of technical support with multiple layers of mouth. This level aligns with daily horizontal support, VVAP for the current range, point of control from recent volume and grille of 0.618 Fibonacci, whose all marked this area as a strong demand zone. Historically, EOS has shown fluctuation reactions after similar feedback to this region.

Despite the recent sharp decline, the structure remains corrective in nature. The move lacks volume and impulsive characteristics typical of a fault, supporting the opinion that this is supported by support, not collapse of a market structure. As long as the price contains above $ 0.70 and does not crucially close below it at higher deadlines, the bacara case remains sustainable.

However, for this Bilshish scenario to play, EOS must generate a clear reaction from the zone. The reverse area of ​​the high and shift in short-term swing would offer early DNA formation signs. While such confirmation does not appear, the market remains vulnerable to further flakes, especially if $ 0.70 fails to attract enough demand.

What to expect in the upcoming price of the store

If the EOS can keep above $ 0.70 support support zone and shows signs of a bic reaction, a set according to resistance level to $ 0.93 more likely to become increasingly likely. The failure to support would cancel the bullet setting and open the door for a deeper movement of the lower side. Confirmation through volume and structural return will be crucial before you take any directional bias.