- EOS token price started an uptrend in the daily chart recently.
- The increased bullish volume in the daily chart indicates intense buying pressure.
- The EOS/BTC market is currently trading at 0.0001104 BTC with an intraday fall of -3.20%.
EOS token price has increased more than 15% in the past week resulting in the short-term bullish uptrend in the daily chart. The token price may shortly give rise to a bull run if the bullish pressure increases.
EOS token price is trading at a significantly higher level than all the important EMAs. A surge in bullish market interest is evident by the fact that the daily trading volume (2.7M) is significantly higher than the (849K) 20-weeks MA.
The EOS Token price currently trades at $5.37, increasing +1.31% in market capital during the last 24 hours, which suggests a rise in underlying bullishness.
EOS intraday trading volume rose by around 10%. This indicates a slight uptake in EOS buyer’s demand.
The EOS token prices rises.
EOS Token prices trend higher with increasing bullish pressure and higher high formation resulting in the short-term uptrend supported by a solid ascending trendline.
In addition, the support from the 20-days EMA provides content demand that has been pushing the prices higher.
RIS indicator projects a rise in underlying bullishness as the slope of the RSI indicator rises higher.
The ADX line continues to escalate higher, which is a sign there is a growing trend.
Conclusion: EOS token has encountered tremendous progress in price since the demand met near the support level of $4.5. Investors could find entry spots at 20-period EMA to increase their buying volume.
Support: $5 and $4.5
Resistance: $6 and $6.5