Will a 0.75% interest rate hike by the Federal Reserve lead to a rally in stocks and crypto? Traders think so. Here’s why.
below the 50-day SMA on Sept. 15 but they could not break the support at $1.34. This suggests that bulls are buying on dips and are attempting to form a low near $1.34.
If the price breaks above the 20-day EMA, the bullish momentum could pick up and the EOS/USDT pair could rally to $1.86. Alternatively, if the price turns down and breaks below $1.34, the pair could decline to $1.24. A break below this support could sink the pair to $1.The recovery faltered near $1.50, indicating that bears continue to sell on rallies. The bears will try to further cement their edge by pulling the price below the strong support of $1.34, but that may not be that easy.
A break above the triangle will signal a potential trend change. The pair could then rise to $2 and later to $2.36.
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