Key Takeaways
EOS had an extremely lackluster performance in 2024, falling to a new all-time low of $0.40 in August – a stark contrast to the rest of the market, most of which reached new highs in 2024.
A brief rally in November gave hope but was short-lived, and EOS fell again in December. EOS has shown renewed potential in 2025, forming a bullish pattern and increasing by over 40%.
The question on everyone’s minds is – Will this bullish pattern mark the beginning of an EOS bullish trend reversal, or will it be a relief rally like the others?
The EOS price has fallen since its 2024 high of $1.54 on Dec. 3, culminating with a low of $0.70 on Dec. 20. Then, the price created a double bottom pattern (white icons) relative to this low on Jan. 13.
EOS has increased by 43% since, reaching the $1.03 resistance. This is a horizontal resistance area and the 0.382 Fibonacci retracement resistance level.
Because of this confluence, the area is important, and a close above it will go a long way in confirming that EOS has started a bullish trend reversal. Then, the 0.618 Fibonacci level at $1.22 will provide the only resistance until the 2024 high.
Technical indicators provide a positive outlook. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have both generated bullish divergences (green).
The divergences are more influential since they transpire throughout the double-bottom pattern.
Furthermore, the RSI is above 50, and the MACD is above 0, crossing their bullish thresholds. So, the daily time frame EOS prediction suggests the price will break out from the $1.03 resistance area and increase to at least $1.22.
The weekly chart shows that EOS has traded inside a horizontal range between $0.60 and $1.30 since 2022. The only exceptions have been an upward deviation in August 2022 and a downward one in October 2024 (black circles), the latter leading to a new all-time low price.
Because of the ongoing increase, the EOS price has moved above the middle of the range. This is a positive development since it often continues its ascent toward the range high once the price does this.
The weekly RSI and MACD are also positive. The indicators move upwards and exceed their bullish thresholds at 50 and 0, respectively.
So, the EOS price will likely break out above its short-term resistance and reach its range high at $1.30.
Currently, it cannot be determined whether EOS will move outside the confines of this range or if it will continue trading inside it instead.
The EOS price confirmed its bullish pattern by increasing 40%, aided by the bullish divergences in the RSI and MACD.
If the upward movement continues, the price could reach its range high at $1.30.