EOS (EOS) Price Analysis: EOS Market Price Preparing For Breaking $3.00 Mark

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  • EOS has finally started showing positive movement in the market after facing downtrend for the past few days. 
  • EOS is having an overall gain of 1.46%
  • Now that the bulls have become active for EOS, it will be aiming for $3. 
Source: Coinmarketcap

EOS price today started at a price level of $2.50 in today’s market and went onto the level of $2.70. 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 $2.70 with the market capitalization of $2,514,774,995 and 24h volume traded of $3,231,750,358.

Screenshot (255)
Source: Tradingview

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.

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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 normal zone and showing positive levels that favor the bulls immensely. However, if the declining nature continues for the cryptoasset, it may face sharp negative divergence too.

The 24hr- CCI was 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.

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

Resistance level: $2.80 and $3.00

Support level: $2.50

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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.

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