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- 1 At press time, EOS price was trading close to $1.03, recording a positive intraday development of 1.27%.
- 2 The technical indicators suggest a bullish outlook above the key EMAs of 20-day and 50-day.
The EOS crypto is picking up fresh bids on Wednesday and stabilizing above the round level of $1. The bulls are in control of the trend and want to keep up the pace. When writing, the EOC price was trading close to $$1.03, recording an intraday gain of 1.27%.
The daily chart analysis shows that the crypto started the week positively on Monday after recording a strong closing the previous week. Moreover, the bears attempted to regain control on Tuesday, and the price dropped lower.
However, the bulls made a comeback near the 20-day exponential moving average, which acted as a dynamic support. The price took a rebound and surged higher.
The recent price action study shows that the short-term trend outlook is bullish, which may continue to attract more buying volumes at the lower levels. On the lower side, the buyers have established themselves near the round level of $1.
On the other hand, the price movement in the recent sessions has pushed the sellers on the back foot. The buyers are recovering yesterday’s losses and might continue to show more gains above the weekly highs.
EOS Crypto Volume Analysis
The volume analysis shows that the EOS cryptocurrency has received $432.49 Million in volume, which is 4.64% more than the previous day. The volume inflow and price are rising, suggesting a trend continuation ahead.
Also, It has a live market capitalization of $1.16 Billion. Also, it has a volume-to-market capitalization of 37.23%, indicating high volatility in the crypto. It has a circulating supply of 1.119 Billion EOS tokens, which is also the total supply.
EOS Price Indicator Analysis
From a technical perspective, EOS crypto trades higher above all the key exponential moving averages of 20, 50 and 200-day, suggesting a positive trend prevailing in the near term as well as long term.
At the time of writing, the MACD line and signal line were placed above the zero line, suggesting a positive sentiment had developed in the market. Moreover, a bullish crossover of both lines was observed and diverged, indicating a continuation of the trend.
EOS Price Prediction March 2024
The short-term outlook is bullish, which may drive the price to higher levels. The most bullish observation of our analysts assumes that the EOS price will reach a higher level of $1.30 if the buyers can surpass the recent hurdle of $1.15.
On the other hand, the bearish video of analysts hopes for the price to break below a round level of $1.
EOS Crypto Price Prediction 2024
On the most bullish observation of our analysts, EOS cryptocurrency could gain a high of $1.84 in the year 2024. On the flip side, the pessimistic view of our analysts is for the price to reach $1.42.
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.
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.
