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- EOS price prediction suggests the token’s long term consolidation phase over the daily price chart.
- EOS crypto is currently shivering to maintain itself at 20 EMA but still below 50, 100 and 200-days Daily Moving Average.
- The pair of EOS/BTC is at 0.00005653 BTC with an intraday gain of 0.59%.
EOS price prediction suggests the token’s long term accommodation phase after getting rejected from the symmetrical triangle pattern over the daily price chart. EOS investors have been waiting for the token’s recovery and have been constantly trying to push the token towards the upper price range of the long term consolidation phase. EOS crypto has just recovered back inside the consolidation phase and is now faltering to get support at the lower price range. EOS crypto must accumulate a significant amount of buyers in order to surge towards the upper price range of the consolidation phase.
EOS is up 0.80% in market value from the day before and is currently trading at $0.9373 on the CMP. However, during intraday trading, the trade volume fell by 38.00%. The implication is that customers are contacting companies to withdraw EOS funds.
Source: EOS/USD by TradingView
EOS coin price need to accumulate more buyers during the intraday trading session to surge towards the upper price range. Volume change can be seen below average and needs to grow for EOS to recover itself towards the upper price range. EOS investors need to wait for any directional change over the daily price chart. Meanwhile, EOS crypto is currently shivering to maintain itself at 20 EMA but still below 50, 100 and 200-days Daily Moving Average.
What do Technical Indicators Suggest about EOS?
Technical indicators suggest the uptrend momentum of EOS crypto over the daily price chart. Relative Strength Index showcases the uptrend momentum of EOS coin. RSI is at 47 and is trying to recover above neutrality. MACD exhibits the uptrend momentum of EOS coin. The MACD line is above the signal line after a positive crossover. EOS investors need to wait for the recovery of EOS crypto towards the upper price range of the consolidation phase.
Conclusion
EOS price prediction suggests the token’s long term accommodation phase after getting rejected from the symmetrical triangle pattern over the daily price chart. EOS investors have been waiting for the token’s recovery and have been constantly trying to push the token towards the upper price range of the long term consolidation phase. EOS investors need to wait for any directional change over the daily price chart. Meanwhile, EOS crypto is currently shivering to maintain itself at 20 EMA but still below 50, 100 and 200-days Daily Moving Average. The MACD line is above the signal line after a positive crossover. EOS investors need to wait for the recovery of EOS crypto towards the upper price range of the consolidation phase.
Technical Levels
Support Level: $0.87 and $0.80
Resistance Level: $0.10 and $1.20
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.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
