- EOS performed a positive momentum on Wednesday trading session
- EOS current price is $4.29, which is up by 16.91% in the last 24-hour time-frame and 7.06% up from the previous week
- EOS/BTC pair is in an uptrend with 5.02% in today’s trading session with the value of 0.00009044
EOS had positive momentum on the weekly chart, and it went up to $4.544 on February 10, 2021, while breaking above the resistance zones created in the past. EOS price set a mark of a 90-day high. Meanwhile, the trading volume of the coin is $8,217,587,585 in the last 24-hour time-frame representing an increase in the value of 52.70%. The EOS/BTC pair is in an uptrend with a value of (0.00009044) which is up by 5.3% in Wednesday’s trading session. The recent release of the article that shows how EOS is helping the war-affected country has made it gain popularity.
EOS Technical Chart Indicates a Positive Momentum
The technical chart of EOS highlights a positive trend. EOS price is currently at $4.29 with a gain of 16.91%. In contrast, the critical support level for EOS is placed at $2.50 whereas if it moves up, the key resistance level to watch is $5.36. While diving into the weekly chart of a 4 hr time-frame, it completes a bullish engulfing pattern while indicating a bullish momentum with medium reliability.
Volume indicator with the value (3.351M) reflects a buying volume in the coin. Investors can further expect an increase in buying volume in the upcoming trading sessions.
EMA-200, price is at $2.84, which acts as another strong support in the coin. The price is above the EMA, and investors can expect a bullish trend in the coin.
Meanwhile, the RSI indicator (Bullish) with a value of 79.98 indicates a buy signal in the coin. One can observe an increase in value for upcoming trading sessions. The presence in the overbought zone can also indicate the downwards correction for upcoming days.
Conclusion
EOS price went up to 16.91% on today’s trading session. The price is above the SMA of $2.84, and investors can expect the movement of price towards the resistance level of $5.367.EOS/BTC pair is also showcasing very high strength and can expect the upward momentum. All technical indicators recommend a buy signal in the coin.
Technical Levels
Major Resistance:$5.367
Major Support:$2.50