Technical analysis by Crypto_Ikigai about Symbol EOS: Buy recommendation (4/2/2025)

EOS is currently showing strong bullish momentum on the 4-hour timeframe, breaking past critical resistance zones clearly highlighted by the blue lines. The immediate support level is now established around the $0.67 region, previously a significant resistance point, indicating a successful breakout and potential for further upside. The next significant resistance to watch is around the psychological $1.00 mark, which aligns closely with the upper horizontal blue line, indicating a substantial profit-taking zone or potential reversal point if bulls lose strength. Indicators: Price is trading well above the 200-period SMA, indicating bullish bias. The CM_Ult_MacD_MTF indicator shows strong upward momentum, further supporting the bullish continuation scenario. Trade Idea: Bullish Scenario: Maintain bullish positions targeting near-term resistance at around $1.00. Tight stops recommended below $0.67. Bearish Scenario: If price rejection occurs strongly at the $1.00 zone, expect a potential retest of the new support near $0.67. Watch for bearish signals around the resistance. Stay cautious at resistance levels and manage risks accordingly. Happy trading!