Follow Us

EOS price analysis: Investors Are Targeting to Move EOS Towards $2.0 Level 

Share on facebook
Share on twitter
Share on linkedin

Share

EOS price analysis
Share on facebook
Share on twitter
Share on linkedin
  • EOS Coin is looking bullish above the bullish trendline on the daily price scale.
  • The EOS remains above the mid-band Bollinger Band indicator.
  • The EOS coin along with the Bitcoin pair is up by 1.8% at 0.00005383 Satoshis. 

EOS investors seem to be aggressive about buying. Buyers were active in July as assets jumped by 43.7% in the last 30 days. The price action of the EOS coin displays the higher-low formation in the course of daily price scale. Buyers barely maintain the cost above the upwards trendline (below the chart). 

Buyers could be more active in the bullish trend of EOS coin as monthly price candle suggests a rapid rally after three months of continued selling. Amid uptrend, buyers moved the altcoin price above the vital level of $1.0, which turned into a key support level. Thus, altcoin is trading at $1.24 mark at the time of writing. 

Buyers have a key hedge zone near the upwards trendline. Besides, bears defend themselves near the $1.4 resistance level. Recently buyers reversed the altcoin price to the upside. Although, the trading volume is low, so bulls need to accumulate the breach at the most immediate resistance level. 

Meanwhile, the market cap of EOS coin is up by 1.5% at $1.2 Billion as per the last 24 hours’ data of CMC. Amid the bullish trend, EOS is remaining above the mid-band of the Bollinger Band indicator in terms of the daily price scale. Buyers may see a drop near the given indicator’s upper band. 

EOS Coin is Above the Upwards Trendline 

RSI indicator suggests the bullish trend for EOS crypto as the indicator’s peak reversed from semi-line. Also, the MACD indicator is observed above the neutral zone in terms of the daily price scale. 

Conclusion 

The EOS coin is bullish above the upwards trendline but it’s getting rejection near the $1.4 resistance level. Meanwhile, the indicators suggest a positive sign for the coin. 

Support level – $1.0 and $0.80

Resistance level – $1.4 and $2.0

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Leave a Reply

Your email address will not be published. Required fields are marked *

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

We Recommend

Top Rated Cryptocurrency Exchange

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00