EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 25/05/20

EOS

EOS fell by 2.84% on Sunday. Following on from a 1.04% fall on Saturday, EOS ended the week down by 4.92% to $2.4877.

A bullish start to the day saw EOS rise to an early morning intraday high $2.6067 before hitting reverse.

Falling short of the first major resistance level at $2.6094, EOS slid to a late afternoon low $2.5031.

The reversal saw EOS fall through the first major support level at $2.5347. Finding support at the second major support level at $2.5028, EOS briefly recovered to $2.56 levels before a late sell-off.

The sell-off saw EOS slide back through the first major support level and second major support level to an intraday low $2.4877.

At the time of writing, EOS was up by 0.57% to $2.5020. A mixed start to the day saw EOS fall to an early morning low $2.4500 before striking a high $2.5151.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move through to $2.5280 levels to bring the first major resistance level at…