- Eos price at the monthly chart is getting stronger and gains momentum from the primary support line of 100 and 200-DMA.
- The crypto asset at the chart is placed just above the vital moving averages of 20, 50, 100, and 200-day lines, while volume activity is below the average volume line.
- The pair of EOS/BTC is trading on a slightly positive note at 0.0001076 BTC with intraday gains of +0.94%, and the ratio of EOS/ETH is CMP at 0.00141 ETH with a 24-hour change of -5.47%.
EOS price is trading just above the major moving averages line after witnessing a sideways trend last week. The crypto asset over the chart is trying to rebound from the current levels while holding the major moving averages line. Currently, the coin is trading above the all vital moving averages of 20, 50, 100, and 200-DMA lines, with a little lower volume.
Volume over the chart is lower and falls below the average line, which needs to grow for another lap of a positive rally. Whereas, if the coin manages to sustain above 50, 100, and 200-DMA lines, supportive volume action will create another bullish momentum. Support on the downside is $4.60 and $4.10, whereas resistance on the higher side is $6.00 and $6.75.
EOS price is rising with supportive technical parameters
Over the weekly chart, Eos price is rising with supportive technical parameters. However, the volume action over the 4-hour time frame is lower and needs to increases strongly to attempt a high zone. Presently, the EOS coin is trading at $5.20 with an intraday gain of +2.96%, and the volume to market cap ratio is at 0.3544.
Relative Strength Index (BULLISH): EOS price RSI presently indicates a strong bullish trend over the weekly chart. In contrast, after testing the lower or oversold zone, the RSI is heading towards the higher levels and now CMP at 61.
Moving Average Convergence Divergence (NEUTRAL): This indicates a mixed trend on the daily chart but with a positive bias. The buyer’s line (blue) overpowering the seller’s signal line (orange).
Support levels: $4.60 and $4.00
Resistance levels: $6.00 and $6.75.