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- 1 The price of EOS is trading at the price of $0.782152. However, the crypto’s price declined by -1.58% in the last 24 hours.
- 2 The EOS price observed an increase of 8.87% in the last 7 days.
- 3 The market capitalization of EOS is $871,003,795.
EOS crypto price paused while on a downtrend and moved upward by making a higher high structure. However, it already broke the 50 moving average and retested it. Now, its main obstacle is the 200-day moving average.
The crypto’s next move will hinge on whether it can surpass or drop below the 200 day moving average. EOS trading volume of 24 hours is $191,341,785 with a -15.10% drop in the past 24 hours. Moreover, the volume has been plunging for a long time.
The outlook is unclear at the moment. However, the price increased by 8.87% last week, showing that EOS performed well recently. EOS plunged by -96.55% of its value in 5 years from its all-time high of $22.71.
The current market sentiment is indecisive. There is no notable volume in crypto right now. The price has been rejected by the resistance line and is finding support on the 50 MA.
EOS Crypto Price Technical Analysis
EMA: EOS price has been stuck between the 50 and 200 MAs with a bearish crossover that shows the influence of sellers in the market. If sellers continue to drag the market down, EOS could fall further and go into a downtrend.
The RSI line is moving toward the overbought zone. The RSI line is at 56.43. The 14 SMA has a value of 51.00 points. However, EOS price could rise significantly if it breaks out of this channel pattern.
Currently, MACD is showing bullish signs. The MACD line at 0.0062 and signal line at -0.0027 are above the zero line, meaning that the MACD is in positive territory and is giving bullish signs.
Conclusion
EOS crypto price pauses its downtrend and moves upward by forming a higher high pattern. However, it broke the 50-moving average and retested it. Now its main challenge is the 200-day moving average. The price action suggests that the investors have to wait for a proper setup for the next move. EOS’s price is in neutral territory at the moment. Moreover, the EMA, RSI, and MACD are giving bullish signals about EOS crypto. The current scenario demands traders and investors to be patient and look for a clear break below or above the range before making any moves in the future
Technical Levels:
- Support – The current support level is $0.6119.
- Resistance –The current resistance level is $0.8363.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
