EOS (EOS) Prices Suffering Strong Bearish Pressure Above the Level 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 are completely fading and becoming weak again the major resistance line of $2.80.
  • The EOS/BTC pair showing negative signs with a decrease of -0.54% bringing the level to 0.00035352.

EOS prices are currently trading between the levels of $2.75 and 2.70 and falling down again due to the resistance line present at $2.80.

An upsurge in the prices is facing resistance due to the bearish line of $ 2.80.  Prices did acquire a bullish momentum due to the level of $2.72 and currently, it is moving in a flat trend pattern as the surge is fading. After suffering this fall in the price in its trading, prices are still coming short again this level as it turns out to be a bearish trap

EOS’ current market capital is $2,524,191,505 USD with volume traded of $3,330,927,846 USD and circulative supply of 922,170,074 EOS.

EOS Price Analysis

eos1
Source:tradingview

Till now there are heavy variations and mostly negative momentum in the prices of the altcoin. As Eos price continuously trying to make a strong upsurge and it seems like it is gaining the momentum too but then a bearish approach emerges and ruins all the efforts of the bulls.

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 prices is likely possible.

The MACD levels showing the increase in the selling volume of the cryptocurrency, a slight bullish momentum did emerge but negative trade-in prices are finally emerging victorious over the buying one.

The 24hr-RSI is moving in the bullish region and trading with a slight positive momentum right below the level of 55 after a minor negative fall.

The 24hr-CCI is in the normal region after a gradual fall. It was trading towards the top of the normal region but then it acquired the negative factors and falls down again to the centre of the normal zone.

Resistance level: $2.80
Support level: $2.72

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