EOS Price Analysis: EOS Breaked $2.50 Resistance Mark With Significant Bullish Momentum

Must Read

Exclusive Interview With Hex Founder Richard Heart Over Most Prevailing Community Concerns

The cryptocurrency Hex, whose founder is Richard Heart, launched last year on the Ethereum network. The token...

CPPCC Member Puts Forward His Suggestion Of Formulating Blockchain Focused Law

Gong Fuwen, National Committee of the Chinese People's Political Consultative Conference (CPPCC) member, suggests China should focus on...

Bitcoin Mixers: The Firewall Protecting Your Crypto Identity

Bitcoin Mixers, in layman’s terms, can be seen as the firewall that protects an individual from having their...
Capture1
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 7.46%
  • Now that the bulls have become active for EOS, it will be aiming for $3.

Capture

Source: Coinmarketcap

EOS price today started at a price level of $2.30 in today’s market and went onto the level of $2.50. It is expected that the positive momentum will help EOS to cross the mark of $3.00. 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 $2.53 with the market capitalization of $2,314,774,995 and 24h volume traded of $3,131,750,358.

Screenshot (159)
Source: Tradingview

EOS PRICE ANALYSIS

Advertisement


The technical graph reflects on the sustainable momentum made by the altcoin from the starting of this month. It can be said that the previous month 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.

As of now, the technical indicators and oscillators favor the bulls. The RSI is in the overbought zone and showing positive nature which favors the bulls immensely. However, if the positive nature continues for the crypto asset, it may face sharp negative divergence too.

The 24hr- CCI is also in the overbought region but showing negative nature to the normal zone which indicates that EOS price is targeting for sustainability above the price level of $2.50.

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

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

 

 

Advertisement

Hot News

Exclusive Interview With Hex Founder Richard Heart Over Most Prevailing Community Concerns

The cryptocurrency Hex, whose founder is Richard Heart, launched last year on the Ethereum network. The token since its launch became a...

CPPCC Member Puts Forward His Suggestion Of Formulating Blockchain Focused Law

Gong Fuwen, National Committee of the Chinese People's Political Consultative Conference (CPPCC) member, suggests China should focus on formulating blockchain law.  The reason...

Bitcoin Mixers: The Firewall Protecting Your Crypto Identity

Bitcoin Mixers, in layman’s terms, can be seen as the firewall that protects an individual from having their crypto transactions used against them. ...

A Ten-Fold Hike In Grayscale’s Investment Flagship: An Analysis On The BTC Trust Fund

According to recent reports, Grayscale BTC Trust fund has undergone a ten-fold increase in assets under management on a year-to-year basis. An investment...

Ripple-based banking app Xumm Soon To Open For Mass Adoption

Warren Paul Anderson, product manager Ripple today highlighted “Xumm” (pronounced as a sum) for this developer reflation week. The credit for the development...

Goldman Sachs’s Decision To Address The Hottest Assets In The Market

Reportedly, the American Multinational Investment Bank, Goldman Sachs plans to include Bitcoin as a significant subject in its latest client conference call. The...

Partners

CPPCC Member Puts Forward His Suggestion Of Formulating Blockchain Focused Law

Gong Fuwen, National Committee of the Chinese People's Political Consultative Conference (CPPCC) member, suggests China should focus on formulating blockchain law.  The reason...

Bitcoin Mixers: The Firewall Protecting Your Crypto Identity

Bitcoin Mixers, in layman’s terms, can be seen as the firewall that protects an individual from having their crypto transactions used against them. ...

A Ten-Fold Hike In Grayscale’s Investment Flagship: An Analysis On The BTC Trust Fund

According to recent reports, Grayscale BTC Trust fund has undergone a ten-fold increase in assets under management on a year-to-year basis. An investment...

Ripple-based banking app Xumm Soon To Open For Mass Adoption

Warren Paul Anderson, product manager Ripple today highlighted “Xumm” (pronounced as a sum) for this developer reflation week. The credit for the development...

RELATED NEWS

Exclusive Interview With Hex Founder Richard Heart Over Most...

The cryptocurrency Hex, whose founder is Richard Heart, launched last year on the...

CPPCC Member Puts Forward His Suggestion Of Formulating Blockchain...

Gong Fuwen, National Committee of the Chinese People's Political Consultative Conference (CPPCC) member,...

Bitcoin Mixers: The Firewall Protecting Your Crypto Identity

Bitcoin Mixers, in layman’s terms, can be seen as the firewall that protects...