EOS (EOS) Prices Prone To Volatility Between The Price Levels Of $2.70 & $2.60

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 $2.70  
  • The EOS/BTC pair showing a positive sign with a gain of 2.66% bringing the level to 0.00037645.

EOS prices are applying heavy pressure on the support level of $2.60 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 trying to climb up, but again it went below after acquiring the level of $2.65. The resistance level of 2.70 which 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 $2,452,277,969 USD with volume traded of $2,053,627,732 USD and circulative supply of 921,949,835 EOS.

EOS (EOS) Price Analysis

eos
Source:tradingview

There is a negative trade in the prices of the altcoin and 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, bulls are trying their best

The technical indicators and oscillators are showing an increase in the buying volume yet it is not strong enough to prevent the emergence of bears in the market, likely this will only serve in the further price fall.

The MACD levels showing an 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 negatively 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 $2.70
Support level $2.60

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