- EOS coin price is in a downside momentum and can hit a new low in the upcoming weeks.
- EOS price is currently sustaining its current levels despite the fall in Bitcoin. In contrast, EOS/BTC pair has observed a gain of more than 1.5% in the intraday session.
EOS crypto price is currently seeing a slow recovery and is trading near the value of $3.64. The price of EOS has given a return of more than 1% in the last 24 hours. The coin price has observed a rise of more than 300% from the beginning of the year. The long and short derivatives instruments of EOS coin are equivalent as per the Bybt.com. It can make the price stay in the consolidation zone for a while. EOS/BTC pair is also observing a rise and can see a breakout from the previous resistance. One can invest in EOS once it gives a positive sign of the breakout.
EOS coin has a market capitalization of more than $3,799,368,261 and has a market dominance of more than 0.25%. The volume of the asset has seen a jump of more than 40% in the last 24 hours. Volume to market cap ratio of the EOS is near the value of 0.315 suggesting a consolidated momentum in price. If the ratio of the coin jumps above 0.8 then a strong bullish momentum upto $6 can be seen.
Technical Indicators Suggests Hints At The Continuation Of Consolidation Phase In EOS Crypto Price
The weekly technical chart of EOS coin hints towards a strong bullish momentum for upcoming weeks. The price of the coin is trading below the 50 and 100 Daily Moving Average on the daily chart. The 50MA line is near $4.59 making it a temporary hostile region for the coin price. Resistance for the EOS on the upside can be seen near $6. Meanwhile on the downside the bounceback region can be seen at $2. EOS coin price is forming a downside parallel channel on the daily chart. If the price continues in the same channel then a new low can be seen in the future. EOS/BTC pair can also see a strong upside momentum in upcoming days.
EOS crypto price is holding its current level despite the fall in BTC. It tells that the price may soon revert back to normal. EOS/BTC pair can also break the resistance created in the past and can climb to a new high.
Major Support: $2