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EOS Price Analysis: EOS Coin Losing Momentum Framing Lower Lows

  • The EOS coin price is negative, around -5.9% during intraday.
  • The 24-hour trading volume is at $1.211 billion.
  • EOS/BTC pair is trading negative by -7.3% at 0.00007608 BTC.

The daily technical chart and price trend of EOS coin show a bearish trend. Based on the pivot point, the first support zone is 2.90 USDT. Another way to watch it is that if it rushes, the resistance level to look at is 5.70 USDT. Therefore, the chart created a bearish harami candlestick pattern during the day, and the cost is confident that it will remain downside with unwavering medium strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost moves below the red ribbon. This guarantees a fall in EOS until it is below the ribbon.

Trading volume (14.522 M) is below the 20-day moving average (23.197 M). The volume is moderate, so the cost is below the pivot point. Investors may also see the volume bar on the chart decreases. This indicates that anomalous instability is common on subsequent trading days.

The RSI indicator gave a signal (bearish) with 46, projecting a sell signal in the currency. Investors can observe a declining slope from 60 to 46. It can plunge in future trading sessions.

Long-Term Perspective of EOS Coin Price Trend

The weekly technical chart and price trend of EOS coin show a bullish trend. Based on the pivot levels, the support zone is 2.90 USDT. From another perspective, if it rushes upwards, the resistance level to look for is 10.0 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, The price of EOS is $4.37 today and the 24-hour trading volume is $1,211,462,068. EOS prices have fallen -5.9% in the last 24 hours. It has a circulation of 970 million EOS coins and a total of infinite. The OMG points to a selling signal, and the traders have prompted moderate volume. In fact, the cost breaks below the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bearish over the following trading days.

Resistance Level: $5.70 & $10.0

Support Level: $2.90

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.