- EOS shows strong bullish momentum with over 35% weekly gains and rising investor interest.
- Technical indicators like MACD and RSI confirm bullish strength despite overbought risks.
- EOS faces key resistance at $1.00–$1.05, with support levels at $0.85 and $0.75 below.
EOS has surged in early May 2025, building on a powerful bullish reversal that began in April. The digital asset, trading at $0.9771 with a 24-hour volume exceeding $404 million, has gained over 35% in the past week.
With a circulating supply of 1.5 billion tokens, EOS commands a market cap nearing $1.5 billion. The recent price movement reflects renewed investor interest, signaling a potential trend shift after months of sideways action. This resurgence positions EOS for a strong showing throughout the remainder of May, despite short-term volatility risks.
Bullish Momentum and Technical Strength
The price action in recent days confirms a short-term uptrend. A notable bullish candle on the daily chart, posting nearly 14% gains, underscores the strength of the rally.
EOS has broken through recent consolidation zones and established a pattern of higher lows, suggesting bullish sentiment is gaining traction. This move comes after a long stagnation, hinting at a possible medium-term reversal.
Moreover, key technical indicators support this outlook. The MACD line has crossed above the signal line with increasing histogram strength. This crossover is often interpreted as a bullish momentum signal.
Additionally, the Relative Strength Index (RSI) currently stands at 77.95. While this places EOS in overbought territory, it also indicates significant buying pressure. Investors should watch for short-term consolidation before the next leg up.
Support Zones and Potential Resistance
EOS now faces immediate resistance between $1.00 and $1.05, a psychologically significant zone. This level also acted as resistance during the December 2024 spike. If this area is breached, the next resistance range lies around $1.20 to $1.25, last tested during previous highs.
On the downside, EOS has firm support near $0.85–$0.87. This range was a previous breakout level and may serve as a cushion for any pullbacks. Stronger support levels remain at $0.75 and $0.60, where price consolidation occurred earlier in 2025.
Forecast for May 2025
Considering current momentum and technical setups, EOS could trade within a range of $0.87 to $1.03 during May. Coincodex analysts expect the average price to hover near $0.92. While profit-taking might lead to occasional dips, overall sentiment remains positive.
