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- 1 EOS coin price reflected a double bottom structure and is ready to uplift gains.
- 2 Bulls are trying to attain momentum and eyeing the $1.50 mark.
The EOS coin price displays a double bottom pattern and is decisively holding gains above the key moving averages. Bulls are showcasing their strength and persist in accumulation. Furthermore, the trend is intact and the buyers are eyeing to cross its prompt hurdle of $1.40 to initiate a major breakout ahead. If bulls outperform this month, the coin may claim the upside of $1.50 followed by $1.80 soon.
At press time, the EOS coin (EOS) price traded at $1.10 with an intraday drop of 1.20%, reflecting neutrality on the charts. It has a monthly return ratio of -8.30% and 3.29% on a yearly basis. The pair of EOS/BTC is at 0.0000159 BTC, and the market cap is $1.08 Billion. Analysts are neutral and suggest that the EOS coin may attain momentum and will cross the neckline hurdle of $1.50 soon.
EOS Price Volume Profile On Daily Timeframe
The above charts showcasing the EOS price to volume profile guiding bulls accumulation this week. Bulls are managing to hold out and settle the gains above the 20 day EMA mark reflecting a positive outlook.The intraday trading volume jumped over 42.89% to $251.64 Million reflecting investor interest on the charts.
Price Volatility & Weighted Sentiment Data Outlook
Amidst the notable price rebound over 18% this week, the price volatility curve remained below the midline around 0.013 reflecting neutrality. However, the weighted sentiment data stayed in the negative region, noted around -0.426.
Social Dominance and Twitter Followers Insights
The social dominance data reflected a decline and dropped over 34.67% to 0.013%, showcased a decrease in the investor discussions and media reports on the social media platforms. However, the X followers data revealed a spike of over 340.89% to -89.
Development Activity and Open Interest (OI) Analysis
Per the Santiment data, the development activity data revealed an up move and surged to 0.214, indicating a positive stance. Similarly, the open interest data noted a drop of over 1.89% to $73.40 Million.
Per the Fib levels, the EOS price has taken support on its 38.2% zone and is delivering a rebound from the 50 day EMA mark this week. The RSI curve showcased a positive crossover and stayed above the midline around 60.
The total supply of the EOS coin is 1.07 billion, whereas the volume-to-market cap ratio is 0.233, and it ranked 107 in terms of market cap in the global crypto market.
Summary
The EOS coin price has managed the gains near the 20 day EMA and is guiding a bullish trend ahead. Moreover, the buyers persist in accumulation and are eager to skyrocket the gains soon.
Technical Levels
Support Levels: $1 and $0.90
Resistance Levels: $1.30 and $1.50
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
