• EOS looks bullish above the uptrend line.
• On the 4-hours chart, EOS crypto is trading above the 20 and 50 SMAs.
• The RSI on the 4-hours price scale is trading near the overbought zone.

EOS crypto price is trading in the green at $0.935 at the time of writing. Buyers look aggressive nowadays as market influencer bitcoin drives the cryptocurrency market this week. Bitcoin rose 2.5% in the intraday trading session, this price gain spreading hope among retail investors.

EOS Price Prediction on 4 hour Chart 

On the 4-hours chart, the buyers are maintaining a higher-bottom formation, which means they are buying every dip in the USDT pair. But this accumulation is not enough for a long-term positive trend as only a few points above, a bullish barrier for selling exists. Now it remains to be seen whether the bulls break this resistance or not.

Lowering the resistance zone, the EOS crypto relative to the bitcoin pair is down slightly by 0.47% at 0.00005545 satoshis. This is not a huge figure so price is less volatile as per overnight data change in market capitalization according to CMC. Thus it grew by 1.9% to $1 billion. Moreover, EOS crypto is trading above the 20 and 50 SMA, while the RSI on the 4-hours price scale is trading near the overbought zone.

On the one hand, EOS looks bullish on the 4-hours chart, but on the daily chart, buyers are jittery due to low volatility and low price volatility. Yet they feel safe while the price of EOS remains above the mid-band of the Bollinger Bands indicator. The buyers may reach the $1.0 level before the end of this week.

The daily RSI is slowly moving towards the semi-line, where it formed from last week’s high-low.

Conclusion

EOS price remained well below the resistance level amid a higher-lower trend. The buyers are all set to break this resistance level for further upside in the price but at the same time the trading volume is looking low.

Support level – $0.90 and $0.0

Resistance level – $1.0 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 financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.