- EOS performed a positive momentum on Wednesday’s trading session
- EOS price is $4.03, which is up by 11% in the last 24-hour time-frame and 16.24% down from the previous week
- EOS/BTC pair is in a uptrend with 1.40% in Wednesday’s trading session (0.0000799)
EOS had positive momentum on the weekly chart, and it went up to $5.56 on February 14, 2021, while breaking above the resistance zones created in the past. EOS price set a mark of a 52-week high. Meanwhile, the trading volume of $4,766,028,467 in the last 24-hour time-frame represents a decrease in the value of 27.46%. The EOS/ETH pair is in downtrend with a value of (0.002394) which is down by 1.94% in Wednesday’s trading session.
EOS Technical Chart Indicates a Sideways Momentum
The technical chart of EOS highlights a sideways trend. In contrast, EOS price is at $4.03. According to pivot points, the critical support level for EOS is placed at $3.30 whereas if it moves up, the key resistance level to watch is $4.50. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish hammer candlestick pattern while indicating a bullish reversal with a medium reliability.
Volume indicator with the value (1.089M) reflects a buying volume in the coin. Investors can further expect an increase in buying volume in the upcoming trading sessions.
SMA-200, price is at $3.72, which acts as another strong support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (NEUTRAL), No bullish or bearish crossover signal line spotted on February 24, 2021, indicated a neutral signal in the coin during the trading session. Also, it denotes the end of red bars on Histogram.
RSI indicator (BEARISH) with a value of 41 indicates a sell signal in the coin. One can observe an increase in value for upcoming trading sessions.
The EOS price went up by 11% on Wednesday’s trading session. The price is above the SMA of $3.72, and investors can expect the movement of price towards the resistance level of $4.50. All technical indicators recommend a neutral signal in the coin for a short while it may soon indicate green signal.