Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Over the past two months, EOS has faced stiff resistance from the $3.6-region. The $2.7 and $2.4-levels of support have been tested multiple times. The volatility of EOS aside, the larger picture seemed to be showing a double-top forming at $3.6. If the price doesn’t consolidate at the $2.4-level over the coming days, the chances of recovery for EOS will be slim. More downside would be seen, possibly as low as $2.1.
EOS 12-hour chart
Source: EOS/USDT on Trad