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- 1 EOS crypto price is down nearly 1.08% intraday and was at $0.681 (press time).
- 2 EOS/USD chart technical outlook shows that the price has broken below all the key EMAs, suggesting a negative outlook.
Eos crypto price has been looking for a firm footing near $0.66 level. The crypto has been losing after the breakdown below the 200-Day EMA on the daily chart.
As observed on the 4 hour chart, the price has low volume inflow due to which weak candles are being formed. The buyers intended to bounce from the support after which a green candlestick was observed in the morning session today.
However, the sellers made a comeback in the afternoon session and the price dipped lower, trimming the morning gains.
At the time of writing, EOS price was at $0.681 with an intraday drop of 1.08%. It has a 24-hour trading volume of 101.16M with a 7.49% drop as compared to yesterday.
Eos Price Technical Analysis
Moreover, as observed on the daily EOS/USD price chart, the price peaked near $0.909 in the last week of December 2023. Thereafter, the crypto price noted a sharp fall from the very start of the year 2024. The price declined near the 200-Day EMA, breaking below 20-Day and 50-Day EMAs.
Earlier, the EOS crypto experienced a bullish momentum from mid-October to the last week of December when the price noted a hike of nearly 60%, rising from $0.6 to a high of $0.909.
Currently, the EOS crypto broke below the 200-Day EMA, suggesting a trend reversal and a bearish outlook ahead. The price currently struggles to hold near the previous breakout zone.
The price lacks buyers’ support near the support which indicates a possible breakdown to the lower levels which may drag the price to the lower levels.
The technical indicators imply a bearish outlook as the price has fallen below the the key EMAs of 20, 50 and 200-Day EMAs, suggesting a bearish outlook. The EMAs may act as a dynamic resistance and try to halt the move on the upside.
At the time of writing, RSI was at 37.9 points below the mean line and below the SMA line suggesting a weak trend.
Eos Price Prediction January 2024
The most optimistic view of analysts assumes the EOS price may attain a high of $0.740 by the end of January 2024. However, the pessimistic view of analysts hopes the price could drop near $0.638 if the recent support breaks down.
Eos Price Prediction 2024
The price forecast for the year 2024 is that the EOS token price could reach a high of $0.972 suggesting a potential gain of over 43.1%. Moreover, the bearish outlook of the analysts hopes the price could reach $0.775 by the year-end.
Eos Price Prediction 2025
By the year 2025, the EOS price may stay at the $1.211 mark as the highest price. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $0.983.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
