EOS and Stacks Aim for the $1 Mark in the Coming Days – Key Support Levels You Need to Watch

EOS and Stacks are on investors' radars as both cryptocurrencies inch closer to the crucial $1 threshold. As the market shows signs of momentum, identifying the key support levels for these digital assets becomes paramount. The upcoming days could offer significant trading opportunities and potential gains for those in the know.

EOS Price Update: Balancing Modest Gains and Recent Setbacks

Last month EOS saw a noticeable uplift of roughly 11%, while the half-year trend reflects an 8% drop, with weekly numbers showing a slight decline of around 2.75%. The coin’s recent movement has shown both upward pushes and pullbacks, indicating mixed performance over the past month and six months.

Current trading levels place EOS’s value between $0.54 and $0.84, with a key resistance at $1.01 and support at $0.41. No strong trend is evident as technical indicators remain close to neutral. Cautious trades can be considered within these levels, keeping an eye on potential breakouts above resistance or dips toward support.

Stacks Price Swing Amid Periods of Recovery and Decline

Over the past month, STX has marked a modest rise of about 2.73% with a small weekly boost of 2.01%. In contrast, the last six months have seen a sharp decline of nearly 60.88%, reflecting significant pressure on its price. STX's movement shows a combination of slow recovery efforts and ongoing downward challenges, resulting in a volatile market without a strong long-term trend.

Currently, STX trades between $0.55 and $1.00 with immediate resistance at $1.20 and support around $0.29, while a second resistance is noted at $1.65. Indicators such as the RSI, close to 49.54, and neutral oscillators imply neither bulls nor bears are firmly in control. Traders might consider buying near the support level and targeting resistance points while remaining cautious amid the unclear market trend.

Conclusion

EOS and STX are showing positive signs of approaching the $1 mark soon. Key support levels are crucial to watch for potential movements. Traders should keep an eye on market conditions and trends for both coins. The coming days may present significant opportunities.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.