Signal price

EOS Price Analysis: Will EOS manage to recover inside the range?

  • The EOS price fell below the horizontal area delineated on the daily price chart.
  • EOS crypto is trading below the daily moving average of 20, 50, 100 and 200 days.
  • The EOS/BTC pair is at 0.00006151 BTC with an intraday gain of 3.25%.

The purchase of EOS was capped at a fixed amount from August 14th. This existential crisis caused a sell-out panic in the cryptocurrency market. Despite the extreme volatility in the bitcoin market, investors are struggling to hold on to their own investments. EOS is one of the digital currencies that is experiencing an existential crisis as it falters at an all-time high. During this turbulent time, cryptocurrency investors need to be as tough as those with diamond hands. Diamond hands will not be as eager to sell their holdings as other players. However, during the intraday trading session, the coin fell below the consolidation phase and it is now finding it difficult to find support.

The price of EOS is currently at $1.1811, up 3.92% from its previous day’s market value. Trading volume increased by 3.70% intraday. This suggests that investors are gearing up for the rescue of the EOS coin. The volume to market capitalization ratio is 0.2007.

On the daily price chart, the price of the EOS coin is clearly on the decline. Due to the continued decline in the market, the cryptocurrency asset has returned to the consolidation phase near 2020 lows. more buyers need to enter the market. . The cost of EOS has been constant between $1.25 and $1.95. The volume movement, which is now subdued from usual, needs to increase for the EOS currency to cross the daily chart.

What do technical indicators suggest about EOS?

On the daily price chart, the price of EOS is falling rapidly. If the EOS currency wants to rise rapidly towards the maximum price range of the consolidation period, it must attract buyers. The technical indicators on the daily chart reflect the growing momentum of the EOS coin.

The relative strength indicator shows that the value of the EOS currency is rising. The RSI is approaching neutrality at 40. The MACD of the EOS cryptocurrency is showing bullish momentum. A positive crossover occurs when the MACD line rises and crosses the signal line. Investors in EOS should monitor the daily chart for any trend changes.

Conclusion

The purchase of EOS was capped at a fixed amount from August 14th. This existential crisis caused a sell-out panic in the cryptocurrency market. Despite the extreme volatility in the bitcoin market, investors are struggling to hold on to their own investments. EOS is one of the digital currencies that is experiencing an existential crisis as it falters at an all-time high. During this turbulent time, cryptocurrency investors need to be as tough as those with diamond hands. Diamond hands will not be as eager to sell their holdings as other players. The cost of EOS has been constant between $1.25 and $1.95. The volume movement, which is now subdued from usual, needs to increase for the EOS currency to cross the daily chart. The technical indicators on the daily chart reflect the growing momentum of the EOS coin. A positive crossover occurs when the MACD line rises and crosses the signal line. Investors in EOS should monitor the daily chart for any trend changes.

Technical levels

Support level: $1.10 and $1.00

Resistance level: $1.25 and $1.50

Disclaimer

The views and opinions expressed by the author, or anyone named in this article, are for informational purposes only, and they do not constitute financial, investment or other advice. Investing in or trading crypto assets involves the risk of financial loss.

Nancy J. Allen
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