EOS (EOS) Prices Rally Might Collapse Again In Front of $2.80

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 were making a strong come back and concentrating a gradual positive upsurge but they seem to be struggling currently.
  • The EOS/BTC pair showing negative signs with a decrease of -0.05% bringing the level to 0.00035981.

EOS prices are currently trading between the levels of $2.80 and 2.70 and priming up to against the resistance line present at $2.80.

A rise in the prices is facing resistance due to the bearish line of $ 2.80.  Prices did acquire a sharp bearish momentum due to the level of $2.80 and currently, it is moving in a flat trend pattern.

After suffering this fall in the price in its trading, prices are still coming short again this level and hoping it won’t turn out to be a bearish trap. As there is a heavy resistance up above the level of $2.80 which is serving at its best

EOS’ current market capital is $2,513,325,447 USD with volume traded of $2,923,120,778 USD and circulative supply of 922,086,638 EOS.

EOS Price Analysis

eos1
Source:tradingview

 

Till now there was positive momentum in the prices of the altcoin. As Eos continued to make a strong recovery as it is gaining the momentum too but now their bullish momentum seems to be fading

The technical indicators and oscillators are turned to blue as they are showing an increase in the buying volume mean the emergence of this positive trade in the market is likely possible to last for a medium time period even after the current fading of pace.

The MACD levels showing an increase in the selling volume of the cryptocurrency, after a bullish dominance, negative trade-in prices are finally emerging and both commodities are on the neutral ground currently.

The 24hr-RSI is moving in the bullish region and trading with a slight positive momentum right below the level of 60 after a negative fall.

The 24hr-CCI touched down the normal region after a gradual fall. It was trading at the top of the over buying region but then it acquired the negative factors and reaches the top layer of the normal zone.

Resistance level: $2.80

Support level: $2.70

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