Signal price

EVMOS Price Analysis: EVMOS Rises Over 26%, Buyers Need to Break $3.0 Resistance

  • The Evmos coin has increased by 24% in the last 24 hours.
  • Speculators saw a downtrend, therefore volume increased by 29%.
  • The bulls are again pushing EVMOS price towards the $3.0 resistance level.

The EVMOS coin has changed its previous trend, the bulls look aggressive for the next move. Over the past trading sessions, EVMOS Coin has outperformed the highest zone in all timeframes.

The hourly price structure suggests a high-low and high-high trend. The bulls have been buying every fall over the past 10 days. Meanwhile, the EVMOS coin remains above a rising trendline at the bottom of the chart.

As of this writing, the EVMOS coin is trading at $2.64 against USDT. Over the past two days, the bulls have been very aggressive, with buyers making gains of around 40% this week. However, the altcoin has continued to outperform over the past four weeks as weekly candlesticks suggest a strong bullish candle.

The EVMOS coin is showing a 25% gain against USDT in the last 24 hours. Conversely, the pairing price of EVMOS coins with the Bitcoin pair is 23.5% in the green zone at 0.0001223 Satoshis. Amid the strong recovery, trading volume increased by 29% to $2.09 million in the past 24 hours.

The RSI hit a 60-day high

On the 4-hour price scale, the RSI indicator envisions an extremely overbought area after 60 days. This bullish signal could take the price of the asset towards the next resistance zone of $3.0. Additionally, the MACD indicator continues to move into positive territory.

Conclusion

The EVMOS coin is heading towards the key resistance level of $3.0, in this sell zone the bulls need to accumulate more altcoins to maintain the uptrend. Additionally, $2.0 is an important cover zone for buyers.

Support level – $2.0 and 1.0

Resistance level – $3.0 and $5.0

Disclaimer

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