EOS(EOS) Price Analysis: EOS Prices Suffering Loss Of -4.55%

Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • EOS prices suffering negative momentum in the crypto market.
  • The EOS /BTC level is also performing negatively with the overall loss of -0.24 % bringing the level to 0.00037325.

EOS1

In the 7day-weekly chart, EOS started with a level of $3, but the major bearish dominance in the global market has brought down the prices of cryptocurrency.

The altcoin went to the lowest point possible. It falls to $1.42 where it found the major support of $1.40.

Prices climbed back to the level of 1.90 and suffering a strong resistance of $2.00 which is also pushing the prices downwards. There is a strong support of $1.75 which is not allowing prices to fall.

The current the market capital is $1,771,654,934 USD with the volume traded of $2,307,409,752 USD and circulating supply of 921,028,168 EOS.

EOS (EOS) Technical Analysis:

EOS2
Source:tradingview

The technical chart reflects that EOS is facing a heavy downfall in its prices due to the down-trending nature of the market. Prices are facing heavy volatility at the level of $1.92.

The technical indicators and oscillators are showing dominance if selling the volume of crypto assets.

The MACD levels are acquiring a bullish momentum, which means there is an increase in the buying volume of EOS. This is a positive sign for the crypto asset.

The 24hr-RSI is facing bearish dominance, as it is below the crucial level of 50. Further downfall will take it to the overselling region which is not a good sign.

The 24hr-CCI sustained a downfall yet it maintained its presence in the normal region, but as same as RSI any further downfall will lead it to the overselling region.

Resistance Level: $2.00

Support Level: $1.85

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