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

• 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.

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:

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

Pratik Chadhokar

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.