- EOS over the monthly chart has found the support of 100-MA, which is acting as strong support stands at $3.45
- The pair of EOS/BTC is trading with an intraday loss of -4.02% standing at 0.00007119 BTC
EOS price currently sustaining above 100-Moving averages, However, slipped below the 50 and 20-MA. The volume over the daily chart is not much, which indicates no more participation of buyers and sellers over the period of time. The 100-MA can be considered a crucial level to watch in upcoming trading sessions, which is placed near $3.45. Support at the lower side is situated at $3.45 and $3.10, meanwhile, the resistance on the higher side is situated at $4.52 and $5.40. EOS at yesterday’s trading sessions has given a breakdown of 50-MA with a good volume, However also bounced well after testing 100-MA.
Over the 4-hour time frame, EOS gave a breakdown from the rising channel pattern with a huge volume indicating the seller’s participation in the breakdown. However, a pullback is also observed from the lower levels which is not much strong. Support at the daily chart is situated at $3.53 and $3.45, likewise, resistance on the higher side is situated at $4.05 and $4.30. Volume recorded in the last 24-hours increased over +41.62% standing at $2,843,705,706, while total market capitalization stands at $3,538,990,999 with intraday dip of -11.12%. EOS is currently trading at $3.72 with an intraday loss of -11.19%.
Relative Strength Index (BEARISH) indicates bearish momentum while trading at 33.12. However, it is continuously heading towards the oversold zone after testing the overbought zone indicating its bearish trend on a shorter-term time frame.
Moving Average Convergence Divergence (BEARISH) currently indicates a bearish trend on the daily chart, as it is trading with the significance of the seller’s line (red) over the buyer’s signal line (green) with no sign of major recovery.
Support levels: $3.45 and $3.10
Resistance levels: $4.52 and $5.40