- Eos coin is near three months lows while facing a strong downtrend from the past few trading sessions.
- The coin fails its vital moving averages of 100 and 200-DMA while still facing bearish momentum with some recovery.
- The pair of EOS/BTC jumped nearly +2.34%, standing at 0.000109 BTC, and EOS/BTC is CMP at 0.001849 ETH, increasing over +2.27% in the last 24-hours.
Eos coin rebound from the lower level and witnessed some buying interest near the $3.00 levels. While the monthly chart projecting the overpower of bears on bulls and now trying to recover. Likewise, the coin is sustainable below the 200 and 100-DMA lines, and no sign of sharp recovery is seen at the current time. In comparison, the line of 200 and 20-day moving average will act as a crucial resistance level. Another major thing to watch is volume action which seems to be lower and needs to improve respectively. The sustainability of the digital asset above 200 and 20-DMA will suggest some strength. Support on the more downside is at $3.00 and $2.60; similarly, imitate resistance on the higher side is at $4.89 and $5.78.
The EOS coin over the weekly chart is trading on a bearish note and has broken the support zone of $5.00 to $4.50. At the same time, bulls are taking charge from lower levels, but still, bears are overpowering. EOS coin can reach the short to medium-term targets of $3.90 and $4.45 in upcoming trading sessions. Presently the coin is trading at $3.67 with intraday gains of +6% and volume to market cap ratio at $0.3739.
Relative Strength Index (NEUTRAL): RSI presently projects neutral or flat momentum over the weekly chart. In contrast, the RSI is indicating slight positive momentum at 41.
Moving Average Convergence Divergence (BULLISH) currently indicates a bullish trend on the daily chart. The buyer’s signal line (green) is more significant than the seller’s line (red).
Support levels: $3.00 and $2.60
Resistance levels: $4.89 and $5.78.