The weekly price performance chart of EOS Coin USD resembles the gradual positive momentum built by the price levels from the past couple of trading sessions resulting in a positive breakout above the bullish mark of $3.00. However, during the current market period, the levels are facing moderate resistance from the price point of $3.50 which can be categorized as the next target for a breakout. The CMP is placed at $3.25 with an overall gain of 9.75% bringing the market capitalization to $3,044,205,443 resulting in an increase of 8.50%. The 24-hour volume traded has reached $6,711,492,800 resulting in an incline of 6.47%.
The technical chart reflects on the magnitude of the bullish momentum by EOS from the past couple of trading sessions. The bulls hinted at their arrival by having a positive breakout above the major resistance line placed at 0.382fib level. Thereafter, the price levels also had a positive crossover above the bullish line of 0.236fib level and currently sustaining above it. The crypto asset has formed a symmetrical triangle pattern in the bullish regime and will be looking for a positive breakout in the upcoming market sessions.
The relative strength index (RSI) has retraced back from the overbought region probably because of the current resistance level of $3.50 acting.
The moving average convergence & divergence (MACD) has also formed a bearish crossover and showcasing negative nature above the signal line.
The directional movement index (DMI) is resembling bullish nature as ADX moves well-above +DI and -DI respectively.
Resistance Level: $3.50
Support Level: $3.20 & $2.50
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