EOS price analysis: EOS breaks below $5.13 as correction looms

TL;DR Breakdown The EOS price analysis shows mixed mark sentiment.Support is found at $4.7.Strong resistance is found at $6.2. The EOS price analysis shows a bearish character. The EOS/USD pair price started declining from the start of the day; the bears started pulling the price down as selling pressure came in. Today the EOS/USD pair traded between $4.9 to $5.1 range. The EOS/USD stands at $5 at the time of writing, following a successful week, when buyers formed different supports for them and bears also showed up, but overall, bulls have defined the price curve. Despite the bearish trend of today, overall, EOS gained five percent value in the last 24 hours and around 4.7 percent over the past week. XMR/USD 1-day price chart: Bears camping near $5 The 1-day EOS price analysis shows a bearish trend stopping the EOS from further climbing. The day started with a negative price movement when profit booking sellers rushed to sell the EOS assets, and the price dropped as low as $4.9, but then EOS bulls gathered strength and took the price up to 5.14. Currently, there seems to be a tough fight going on between buyers and sellers. EOS/USD 1-day price chart. Source: Tradingview The volatility is comparatively high as the upper Bollinger bandstand at $6, and the lower band stands at $4.1. The average of Bollinger bands is at the $5.1 mark, almost at the price level. The moving average is below the price level at the $4.8 mark. The ...