EOS Price Prediction: Will EOS’s Bullish Trend Continue?

• The price is trading below the 20,50,100,200 days of Daily Moving Average.
• The  current price of the coin is around  $1.19 and went up by (approx.) 0.85% during the intraday trading session
• The pair of EOS/BTC is surfing around 0.00005337BTC and has increased by 3.44% in the last 24 hours

The EOS has begun to move upward in line with the pattern. The bears have become weaker as a result of the bulls’ new plan for breaking the bullish pattern and their takeover of the EOS market. This bullish tendency may cause the whales to shift. The daily price indicator could undergo a significant shift as a result of whale movement. The bears may attempt to join the deal and influence the coin’s price, so the bulls need to be more worried.

EOS’s price is currently hovering around $1.19 and has increased by about 0.85% during the daily trading period. The EOS/BTC exchange rate is currently 0.00005337 BTC and has grown by 3.44% over the past 24 hours. As the bulls have moved the coin’s price in their favor, the bears have attempted to join the trade to push the price back into the bulls’ favor. However, the bulls have defeated the bears’ plan, and the bears have since given up on their attempt.

If the bulls overwhelm sellers, the price may rise as high as the primary resistance of $1.3233 under the control of the bulls. The bulls may take the price as high as the secondary resistance of $1.7608. The primary support level of $1.000 may be reached if the bears, who have been sleeping for a while, eventually wake up and get the courage to do so. Additionally, the price might rise as high as the secondary support of roughly $0.810.

During the intra-day trading period, there has been a volume rise of nearly 16.59%. The volume has been gradually declining, which suggests that the coin’s short-selling pressure is waning and that buyers might be exerting too much effort to boost demand. Market capitalization to circulation ratio is 0.1458.

Technical Indicators of EOS

The Relative Strength Index Is in the overbought region and as purchasing volume rises, the RSI is moving further into this region. The RSI at press time is 55.23, which is above the average RSI which is 51.56. The price is trading below the 20,50,100,200 days of Daily Moving Average. MACD and MACD signal produced a positive crossover. 

Conclusion

The current market trend of EOS is bullish. Sellers are also trying to take a grip on the EOS market. EOS’s price is currently hovering around $1.19 and went up by about 0.85% intraday. There has been a rise in volume of nearly 16.59% indicating accumulation by buyers. Investors will have to wait for any directional change over the daily price chart.

Technical Levels

Support Levels:  $1.000 and $0.810

Resistance Levels: $1.3332 and $1.7608

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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