On March 31, 2025, EOS [EOS] experienced a 5.4% increase in value over 24 hours, marking it as one of the better-performing altcoins. However, the cryptocurrency struggled to surpass the $0.64 resistance level, raising concerns about potential price volatility and a range formation for the token.
- EOS gained 5.4% in 24 hours.
- Resistance level at $0.64 remains unbroken.
- Possible range formation for EOS token.
- Heavy capital outflows indicate seller dominance.
- Long positions represent 51.4% of volume.
- Caution advised for long positions on EOS.
EOS has tested the $0.64 resistance level multiple times in March, with previous attempts resulting in significant price drops to $0.55 and $0.45. The Awesome Oscillator indicated a momentum shift, but the Chaikin Money Flow (CMF) remained below -0.05, suggesting ongoing seller dominance and capital outflows from the market.
Key statistics include:
- Long positions accounted for 51.4% of taker volume, the highest since March 18.
- EOS previously dropped from $0.67 to $0.56 on March 19.
- The 3-month liquidation heatmap indicates a price attraction zone between $0.66 and $0.69.
Given the current market conditions, a bearish reversal from the $0.64 level appears likely, as there is insufficient buying pressure. Traders should be cautious when considering long positions and may find opportunities to sell if the price retests the $0.64-$0.66 area.
In summary, while EOS has shown some positive movement, its inability to break the $0.64 resistance suggests potential challenges ahead. Traders should monitor the situation closely and prepare for possible price fluctuations.
