EOS (EOS) Prices Prone To Volatility Above The Crucial Price Level Of $2.50

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.
  • EOS bulls are again failing to maintain their upsurge to reach the price level of $2.75  
  • The EOS/BTC pair showing a negative sign with a loss of -2.02% bringing the level to 0.000366455.

EOS prices are applying heavy pressure on the support level of $2.45 to its core as prices acquired a bearish momentum, this crucial support level is preventing price fall in the value of the cryptocurrency.

After suffering a major fall in the price EOS prices trying to climb up, but again it went below after acquiring the level of $2.52. The resistance level of 2.53 didn’t allow to make an impressive climb but also made it prone to volatility. Prices are currently moving in a bearish momentum and it seems like again they are going to test the support level. 

EOS’ current market capital is $2,319,259,908 USD with volume traded of $2,916,736,463 USD and circulative supply of 921,696,373 EOS.

EOS Price Analysis

eos1
Source:tradingview

There is a slight positivity in the prices of the altcoin yet the bears are emerging, leading to the heavy variations possible in today’s market.

Prices are prone to maintain their current negative nature and still in this chaos there is some positive trade.

The technical indicators and oscillators are showing an increase in the selling volume due to the emergence of bears in the market, likely this will only serve in the further price fall.

The MACD levels showing a major increase in the selling volume of the cryptocurrency, and this is a deciding change as selling volume is moving with the potential to make a midterm dominance in the following aspect.

The 24hr-RSI moved to the bearish region and moving in a flat trade right below the crucial level of 50. 

The 24hr-CCI touched the lowest point of the overselling region but it managed to enter in the normal region and currently it is maintaining its trade over there.

Resistance level $2.55
Support level $2.51

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