Join Our Telegram channel to stay up to date on breaking news coverage
The EOS price prediction shows that EOS trades above $1.00 as the recovery may be extended towards the resistance created by $1.20.
EOS Prediction Statistics Data:
- EOS price now – $1.06
- EOS market cap – $1 billion
- EOS circulating supply – 1 billion
- EOS total supply – 1 billion
- EOS Coinmarketcap ranking – #47
EOS/USD Market
Key Levels:
Resistance levels: $1.35, $1.55, $1.75
Support levels: $0.75, $0.55, $0.35
According to the daily chart, EOS/USD may comfortably be sitting in the hands of the bulls as buyers push the coin toward the upside. Therefore, enough volume is needed for the coin to sustain gains to the resistance level of $1.20. Meanwhile, the more the price delays the spike above the 9-day and 21-day moving averages, the stronger the sellers become.
EOS Price Prediction: EOS Could Shoot to the Upside
On the bright side, the EOS price is starting a new bullish session as seen on the daily chart. It is, however, not clear how long the session will last because, since the last two months, both bullish and bearish sessions have been frequent, and the sellers have been dominating the market. Therefore, it is important to watch the resistance and support levels coupled with the movement of other indicators like the Relative Strength Index (14) and the moving averages to get the possible direction that the coin may follow.
On the downside, a bearish move toward the lower boundary of the channel may increase the short-term selling pressure while the next supports may come at $0.75, $0.55, and $0.35. Meanwhile, any further bullish movements above the moving averages could make the coin cross above the upper boundary of the channel which could hit the potential resistance levels at $1.35, $1.55, and $1.35.
Against Bitcoin, the market price is crossing above the 9-day and 21-day moving averages as the buyers return to the market. EOS/BTC is currently trading at 554 SAT and expecting a break out towards the upper boundary of the channel. Looking at the daily chart, if the coin can make a cross above 570 SAT, the bulls may end up dominating the market.
Nevertheless, if the market drops below the lower boundary of the channel, the next key support may come at 400 SAT and below. Meanwhile, on the bullish side, a possible rise could push the market to the resistance level of 700 SAT and above while the technical indicator Relative Strength Index (14) crosses above the 40-level, suggesting more bullish signals in the market.
The green crypto presale for IMPT has now raised almost $6m.
- Early Stage Presale Live Now
- Doxxed Professional Team
- Use Cases in Industry – Offset Carbon Footprint
Related:
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
