Will EOS Reach $1.5 Soon?

• Bullish EOS price prediction ranges from $0.7 to $1.3.
• Analysis suggests that the EOS price might reach above $1.27.
• The EOS bearish market price prediction for 2023 is $0.573.

EOS is a blockchain project that was initially released in January 2018. It is the native token of the EOSIO blockchain. Its native token is denoted as EOS.

EOS investors are bullish on the token since it has had a return on investment (ROI) of over 2.3 times in the past 5 years. It is one of the most successful Initial Coin Offerings (ICO) in cryptocurrency history. It attained its all-time high (ATH) price of $22.89 in April 2018 while its ICO was on. Irrespective of the recent crypto winter, EOS investors are confident that the future of EOS is bullish.

If you are interested in the future of EOS (EOS) and would want to know the price analysis and price prediction of EOS for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

EOS (EOS) Market Overview

What is EOS (EOS)?

EOS (EOS) was launched on January 31st, 2018. EOS is present in its blockchain as well as on Binance Smart Chain. It was founded by Dan Larrimer.

EOS is an open-source blockchain platform that launched the scalability challenges in executing transactions in blockchains like Ethereum and Bitcoin. It is based on the EOS cryptocurrency. Its smart contract eliminates the need to pay fees provided the account has sufficient RAM and CPU to execute the transactions. EOS blockchain can execute millions of transactions per second (TPS).

One of the most successful projects on the EOS blockchain is Everipedia (IQ) which also is the only EOS token that is listed on the Binance exchange. EOS blockchain enables investors, developers, and investors to build with confidence. However, its recent decline in price has reduced the number of successful projects that are launched on it.

Block.one which is the developer of EOS holds 10% of the token. Most of its employees are located in South Korea, Hong Kong, and the United States.

EOS (EOS) Current Market Status

The maximum supply of EOS (EOS) is infinite, while its circulating supply is 1,101,251,494 EOS, according to CoinMarketCap. At the time of writing, EOS is trading at $0.6212 representing 24 hours increase of 0.32%. The trading volume of EOS in the past 24 hours is $142,012,126 which represents a 21.35% increase.

Some top cryptocurrency exchanges for trading EOS are Binance, Coinbase, Kraken, Bithumb, and Upbit. 

Now that you know EOS and its current market status, we shall discuss the price analysis of  EOS (EOS) for 2023.

EOS Price Analysis 2023

Will the EOS blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect EOS‘s sentiment over time? Read more to find out about EOS’s  2023 price analysis.

EOS (EOS) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

When looking at the chart we could see that there was a big crash for EOS during the mid-week of April. After reaching its bottom in June, EOS is at present in a new territory which is lower than its June price. Currently, after touching the lower band, EOS seems to be rising and it has reached the SMA. We could also see the occurrence of an inverted hammer. As such, there is a chance that EOS could keep increasing until it hits the upper Bollinger Band.

Currently, the Bollinger Band Super Trend indicator shows the start of an uptrend with its green highlighted area. Since every expansion of the Bollinger bands was followed by a period of contraction, we could intuitively think that this expansion could also be followed by a period of contraction. However, the Bollinger Band Width Percentile (BBWP) indicator denotes something else. 

The BBWP indicator line which reads a value of 36.11% is rising. Hence, there is a high chance that the indicator could keep moving upwards. If this happens then there could be more volatility in the market and the price of EOS could rise drastically. 

When looking at the longer timeframe for EOS, we can see that it is currently in a downtrend as shown by the right highlight of the super trend indicator. However, this seems to be the lowest price for EOS. As such, we may see the buyers flock market to buy the dip. Hence, if the buyers turn up in numbers, then there is a chance that the Bollinger Bands could widen. Moreover, the Bollinger Band Width Percentil indicator which reads a value of 44.84% is on the rise. Therefore there could be increased volatility in the market, in the near future. 

EOS (EOS) Price Analysis- Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued. 

Since mid-week of April EOS has been losing value and currently, the RSI of EOS records a value of 41.74. The RSI line seems to be heading south towards the Signal line. The buyers may need to step in to stop the RSI from entering the Oversold region which is not too far away from where the RSI is right now. 

When looking at the longer timeframe for EOS, we can see that EOS has been consolidating. Moreover, the RSI which is just below the Signal line reads a value of 40.70 and it seems to rise and it might cross above the Signal line. If the preceding happens, then EOS could go bullish. 

EOS (EOS) Price Analysis- Moving Average 

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. 

Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length. 

Since mid-April, we could see that the price of EOS has been below both Moving Averages. This denotes that EOS is bearish both in the long and short terms. Currently, EOS seems to have gained momentum as it is making new higher highs and higher lows. If this trend continues, there is a high chance that EOS could test the 50-day EMA once again as at other times.  

EOS Price Prediction 2023-2030 Overview

EOS (EOS) Price Prediction 2023

When considering the chart above, we can see that EOS has been trading inside a falling wedge. Currently, it is rising towards the upper trendline. Since there seems to be no support for EOS below where it is as of present, we could expect it to rise breaking the the upper trendline of the wedge. In the event that the above-mentioned happens, there is a chance that EOS could rise to $1.27. However, it might encounter friction at $0.773 and $1.027 on its way up. 

Moreover, as per the conventional breakout from the falling wedge, EOS is bound to rise above the $1.027 resistance level. Additionally, the Fixed Volume Profile indicator denotes that there is more trading activity in the upper section for EOS. However, if EOS crashes, it may fall into unknown territory seeking support. 

EOS (EOS) Price Prediction – Resistance and Support Levels

When looking at the chart above, we can see that EOS crashed from May 2018 to December 2018. However, it received support at the 4:1 Gann line which helped it rise and reach the 1:1 Gann line by May 2019. This spike was followed by another crash which landed EOS on the 8:1 Gann fan line. EOS used the 8:1 Gann line as support and started to rise. 

However, after reaching $14, EOS again started to fall under the 3:1 Gann line. Currently, after moving diagonally under the 3:1 Gann line, EOS is moving sideways. There is a high chance that EOS could rise again as it seems to have reached the bottom. If this happens then EOS may test the 3:1 Gann line and rise above it.  

EOS (EOS) Price Prediction 2024 

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for EOS based on the previous halving. Hence, we could expect EOS to trade at a price, not below $1.866 by the end of 2024.

EOS (EOS) Price Prediction 2025

EOS  may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, EOS will continue to rise in 2025 forming new resistance levels. It is expected that EOS will trade beyond the $14.203 level.

EOS (EOS) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, EOS could tumble into its support regions. During this period of price correction, EOS could lose momentum and be way below its 2025 price. As such, it could be trading at $3.056 by 2026. 

EOS (EOS) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in EOS. As such, we could expect EOS to trade at around $6.495 by the end of 2027. 

EOS (EOS) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, EOS  may reciprocate its past behavior during the BTC halving. Hence, EOS would be trading at $9.718 after experiencing a considerable surge by the end of 2028. 

EOS (EOS) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, EOS could be trading at $2.177 by the end of 2029.

EOS (EOS) Price Prediction 2030

After witnessing a bullish run in the market, EOS and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, EOS could be trading at $18.5

EOS (EOS) Price Prediction 2040

The long-term forecast for EOS  indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then EOS  could fall in value. It is expected that the average price of EOS could reach $44.526 by 2040.

EOS (EOS) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such EOS could reach $69.7.

Conclusion

If investors continue showing their interest in EOS and add these tokens to their portfolio, it could continue to rise. EOS’s bullish price prediction shows that it could reach the $1.27 level.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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