EOS (EOS) Price Analysis: EOS Market Price Turned Green After Long Price Corrections 

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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 price today has finally started showing positive movement in the market after facing downtrend for the past few days. 
  • EOS is having an overall gain of 3.46%, Now that the bulls have become active for EOS, it will be aiming for $5. 

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Source: coin360

EOS started at a price level of $2.20 in today’s market and went onto the level of $2.35. It is expected that the positive momentum will help EOS to cross the mark of $2.50. A successful closing above $2.50 mark will help the altcoin to aim for the major mark of $3.00. As of now, the current price of $2.32 with the market capitalization of $2,3139,774,995 and 24h volume traded of $2,931,750,358.

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The technical graph reflects on the bearish momentum made by the altcoin from the starting of this month and the downtrend. It can be said that the downtrend was the result of both negative fundamentals of EOS and reaching the critical resistance area of $1.80.

The heavy selling volume was also recorded in the altcoin which increased the magnitude of a downtrend and resulting EOS to reach the support level of $2.00.

EOS Price Analysis

Screenshot (107)
Source: Tradingview

As of now, the technical indicators and oscillators favor the bulls. RSI is far from the oversold territory and is at the level of 50. Any rise in the level above 50 will indicate that EOS is capable of performing a long-term bullish rally in the market.

CCI is in the normal region, which is also a positive sign for the altcoin.

MACD levels are in the bullish zones and indicate an upcoming bullish momentum as the bullish cross is been made.

Fib retracement levels are in confident positive levels which is a positive sign for the altcoin. The symmetric triangle is yet to be broken and is expected to have a positive breaking point.  

Resistance level: $2.50 and $3.00
Support level: $2.10 and $2.00

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