EOS Price Analysis: EOS/BTC Price Plunged By 12%

EOS/BTC Technical Analysis
  • EOS/BTC price plunged from 0.0000772 to 0.0000683 on Friday’s trading session
  • The 24-hour volume in EOS/BTC is at $20,434,015 with a 0.94% increase.
  • The EOS/USD pair was trading at $3.86 with a loss of 1.95%
Source:EOS/BTC on TradingView

The 4-hour technical chart of the EOS/BTC price projects a negative trend. According to pivot points, EOS critical support level is placed at 0.0000772 BTC. Whereas if it moves up, the key resistance level to watch is 0.0001179 BTC. While diving into the weekly chart of a 4-hour time-frame, it completes a dark cloud cover candlestick pattern.

SMA-50, 100 & 200 acts as another strong support in the coin. SMA-50 (purple) and SMA-100 (white) is below SMA-200 (red), which projects a bearish trend in the asset. The price is below the SMA’s. Investors may perceive a negative crossover in the chart, the price can also follow the negative trend.

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RSI indicator (OVERSOLD), with a value of 26, indicates a sell signal in the coin. Moreover, Investors can see a downward slope from 33 to 26 in the index, it may soar in future trading sessions.

EOS/BTC Price Failed To Sustain Above Support

EOS/BTC price traded at 0.0000683 with a loss of 3.40% in the last 24-hour. In contrast, the market capitalization of EOS stands at $3.582 billion. Technically, investors can perceive a negative crossover in SMA and the price is also trading below the support.

Resistance: 0.0001179 BTC

Support: 0.0000772 BTC

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Nikhil Ingolehttp://themarketperiodical.com
Mr, Nikhil Ingole is a cryptocurrency technical analyst with over seven years of technical analysis trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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