EOS (EOS) Bulls Aiming surge Past the Resistance Level of $2.50

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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 concentrating to maintain their upsurge to reach the price level of $2.50 and above.  
  • The EOS/BTC pair showing a positive sign with a loss of -2.02% bringing the level to 0.000366455.

EOS prices are currently trading between the levels of $2.50 and 2.40 and suffering quite variations while priming up for their move.

Heavy pressure is arising in the prices and it is developing due to the resistance line of $ 2.50 Prices did acquire a slight bearish momentum at $2.46 and stumble upon but 2.43 manage to hold it down. 

After suffering a major fall in the price, EOS is still no ability to pull off a strong bullish momentum, but again it went below after acquiring the level of $2.52. As Prices were in the condition to acquire the level of $2.80 but they collapsed and due to the last overall bearish nature of the market, strong resistance holds developed at the levels of $2.60and $2.50 

EOS’ current market capital is $2,259,125,277 USD with volume traded of $2,616,579,940 USD and circulative supply of 921,780,458 EOS.

EOS PRICE ANALYSIS

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eos1
Source:tradingview

There is a slight positivity in the prices of the altcoin yet the resistance levels are providing high pressure. According to FIB retracement, prices are about to start their trade in the slight bullish zone. 

The technical indicators and oscillators are showing an increase in the selling volume means that the emergence of bears in the market likely possible in the near terms and it only serves in the further price fall.

The MACD levels showing a slight increase in the buying volume of the cryptocurrency, and they’re a serious tussle going on in this aspect.

The 24hr-RSI is moving in the bearish region and trading with a slight positive momentum right below the crucial level of 50

The 24hr-CCI touched the l 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 $2.50

Support level $2.43

 

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