- Eos token at the monthly chart is trading below major moving averages of 20, 50, 100, and 200-Day lines.
- The crypto asset struggles to overcome above 50, 100, and 200-day lines, with slightly positive volume action.
- The pair of EOS/BTC is trading on a positive note at 0.0001036 BTC with an intraday gain of +0.83%, and the ratio of EOS/ETH is CMP at 0.001438 ETH with an intraday action of +0.71%.
Eos token at the monthly chart is trading below all vital DMA lines, whereas the coin is trying to regain its necessary DMA lines. The volume activity over the chart is also witnessing an increment in the past few trading sessions. Likewise, the closing of day candles above the significant lines of 50, 100, and 200-Day lines with supportive volume action will encourage more buyers.
Presently, the coin is struggling to regain its vital DAM lines, and we can soon see another lap of bullish momentum if the token sustains above primary DMA levels. Support on the lower side is $4.45 and $4.10, whereas resistance on the higher side is $5.05 and $5.49.
EOS token is trading sideways under the tight range
EOS token is trading sideways under the tight range, after a sharp decline from the higher levels. At the same time, the technical indicators suggest a positive sentiment for the coin, which is heading higher. Currently, the coin is stuck under the narrow range, and either side breakout will create strong momentum in upcoming trading sessions. Volume action at the 4-hour time frame is lower and needs to improve for a positive bounce back or recovery. Presently, the EOS coin is trading at $4.82 with an intraday action of +4.52%, and the volume to market cap ratio is at 0.3872.
Relative Strength Index (POSITIVE): EOS token RSI is trying to move higher after testing the oversold zone at the weekly chart. In contrast, the RSI trades on a slightly positive note where we can see a short-term bounce back and now CMP at 51.
Moving Average Convergence Divergence (POSITIVE): The daily chart indicates a slightly positive or bullish trend at the 4-hour time frame. At the same time, the buyer’s signal line (blue) overpowers the seller’s line (orange).
Support levels: $4.45 and $4.10
Resistance levels: $5.05 and $5.49.