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- 1 EOS crypto price is currently trading at $0.7810 with a rise of 1.14% in the last 24 hours with a market cap of $869.10 Million.
- 2 EOS crypto price decreased by 8.10% over the past seven days.
- 3 The crypto is trading above the key moving averages showcasing bullishness on the daily chart.
The EOS crypto forecast demonstrates the bullishness in the daily technical chart. The price is growing by almost 8% this week showing the buyers are highly active in the price.
In the past week, the value of EOS cryptocurrency has increased by approximately 8.10%, and it has grown by 0.35% over the past month. However, over the last six months, the cryptocurrency has experienced a decline of around 33.26%. While looking back over the past three months, EOS cryptos have grown by about 9.32%. The overall performance of this crypto throughout the year has not been great, with a year-to-date slump of approximately 8.11%.
At press time, the EOS crypto price was $0.7814, with an intraday gain of 1.19%, showing bullishness on the charts. Furthermore, the trading volume is 130.33 Million. The market cap is $869.10 Billion. Moreover, indicators maintained a solid buy rating.
Technical Analysis of EOS Crypto Price in Daily Timeframe
The cryptocurrency EOS (USD: EOS) has been experiencing a steady rise in its price for the past three months, with a gain of 9.82%. As of now, the value of EOS crypto is trading at $0.7802 and attempting to maintain this level after a pullback.
If it manages to hold on to this level, the price of EOS could continue to rise and potentially reach its first and second targets of $1.00 and $1.50 respectively. However, if the price of EOS fails to sustain this level and drops, it may reach the closest support levels of $0.7386 and $0.6500.
At the moment, EOS crypto (USD: EOS) is trading below its 50 and 200-Day daily moving averages (DMA). The current value of RSI is 62.88 points. The 14 SMA is above the median line at 52.71 points which indicates that the EOS crypto is bearish.
The MACD line at 0.0088 and the signal line at 0.0002 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the EOS crypto price.
Summary
The technical indicators and oscillators for EOS (USD: EOS) support a bullish trend. The MACD, RSI, and EMAs are giving positive signals, suggesting that the uptrend in EOS cryptocurrency may continue. However, for EOS price to increase further, it needs more buyer support. Therefore, more buyers need to accumulate the crypto EOS to push its price towards the recovery phase.
Technical Levels
Support Levels: $0.7247 and $0.6723
Resistance Levels: $0.8093 and $0.8962
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
