- EOS coin price is observing an uptrend and can hit the new high of $8 in the future. It is currently trading with a gain of 0.79% in the intraday session
- EOS price technical indicators suggests a strong upside momentum in price. In contrast, EOS/BTC pair has also seen a loss of 2.47% in the intraday session
EOS crypto price is currently observing a strong uptrend and can cross beyond the threshold of $5. EOS is currently trading near the value of $3.64 and has seen a loss of 0.66% in the intraday session. The coin price has seen a gain of more than 600% within a span of six months. The long and short derivatives instruments of EOS suggest a strong uptrend in price for the future. EOS/BTC pair is seeing a downtrend and can soon observe a breakout from the previous resistance created in the past. One can invest in EOS coin price as per the price action and their risk adversity.
EOS token is currently ranked 28th in the CMC and has a market dominance of more than 0.25%. The price of the coin is currently down by more than 84% from its all time high . Volume to market cap ratio of the EOS is currently near 0.2025, suggesting a strong uptrend in price.
Technical Indicators Hints At A Strong Uptrend For EOS Coin Price
EOS coin weekly technical chart hints towards a strong upside momentum for upcoming weeks. The price of the coin is trading below the 50 and 100 Daily Moving Average on the daily chart, with a negative crossover in the past. The 50MA line is near $4.08 making it a temporary resistance zone for the coin price. The bullish momentum of EOS while going upside can see a halt near the value of $6. Meanwhile on the downside the support in the price can be found near the value of $3. EOS coin price has formed a consolidated zone on the daily chart. If the price jumps 15 to 20% above the current level then a strong upside momentum in price can be seen. EOS/BTC pair can also observe a strong bullish momentum in upcoming days.
Conclusion
EOS coin price has given a positive breakout and can soon reach to the new highsl. EOS/BTC pair can also see a breakout from the previous resistance and can see the highs..
Technical Levels
Major Resistance:$6
Major Support: $3