EOS (EOS) Again Suffering Downfall After Acquiring Level Of $2.2

Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • The bulls again failed to maintain their presence above the price level of $2.22
  • The EOS/BTC pair showing a negative sign with a loss of -2.20% bringing the level to 0.00034820.

After hitting the lowest point possible and by breaking down the support level of 2.16, EOS prices suffered a major blow.

After recovering from the bottom level EOS prices tried to climb up, but again it went below after acquiring the level of $2.22. The resistance level of 2.22 level didn’t allow to make an impressive climb but also made it fall down. Prices are currently moving in bearish momentum.

EOS’ current market capital is $2,030,829,648 USD with volume traded of $2,372,778,794 USD and circulative supply of 921,365,806 EOS.

EOS
Source:tradingview

There is a downfall in the prices of the altcoin as bears are trying to take control onto it, leading it to the lowest limit possible in today’s market. At the end, it somehow managed to reach a normal point but it’s not enough.

The technical indicators and oscillators are showing heavy selling volume due to the market condition. As crypto investors are more concerned about the crypto currency’s future.

The MACD levels showing a slight increase in the buying volume of the cryptocurrency, there were dominances of bears but bulls are making their way now.

The 24hr-RSI went to the oversold region than It took a sharp positive divergence towards the normal region and currently it is trading at the crucial level of 50.

The 24hr-CCI touched its lowest limit possible in the normal region and that took a positive divergence with an increase in the buying volume of the cryptocurrency. Currently, it is trading in the normal region with an upsurge.

Resistance level $2.22
Support level $2.16

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners