EOS (EOS) Is Testing The Support Level Of 2.20 At Its Peak

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 are again failing to maintain their upsurge to reach the price level of $2.50  
  • The EOS/BTC pair showing a negative sign with a gain of 1.68% bringing the level to 0.00035051.

EOS prices are applying heavy pressure on the support level of $2.20 to its core as more than 3 times, this crucial support level prevents a price fall in the value of cryptocurrency.

After recovering from these falls  EOS tried to climb up, but again it went below after acquiring the level of $2.23. The resistance level of 2.50 level didn’t allow to make an impressive climb but also made it fall down. Prices are currently moving in a bearish momentum and it seems like for the fourth time they are going to test the support level.

EOS’ current market capital is $2,049,685,519 USD with volume traded of $2,243,961,457 USD and circulative supply of 921,416,468 EOS.

EOS Price Analysis

eos
Source:tradingview

There is a slight downfall in the prices of the altcoin as bears are emerging, leading to the heavy variations possible in today’s market. In the end it somehow managed to reach a normal point but it’s not enough.

The technical indicators and oscillators are showing an increase in the selling volume due to the emergence of bears in the market.

The MACD levels showing a slight increase in the buying volume of the cryptocurrency, but this is not a deciding change as selling volume is moving with potential to make a come in near terms.

The 24hr-RSI moved to the bearish region after moving in a flat trade right above the crucial level of 50 with a tendency to fall furthermore.

The 24hr-CCI touched the starting point of the over buying region but it failed to enter it. After maintain its trade over there prices acquired a negative divergence and currently moving in a downward momentum at the normal zone.

Resistance level $2.50
Support level $2.20

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners