- EOS coin price is currently observing a strong downside momentum and can soon hit a new low in the future. The asset price is down by more than 3% in the intraday session.
- Technical indicators of EOS coin price suggest a strong downside momentum for the future. In contrast, the EOS/BTC pair has lost its value of around 3.59%
EOS coin price is currently seeing a strong bearish momentum which can push the price near $4. EOS coin price has seen a downslide of more than 3% and is trading near the value of $4.5. The asset price has seen a strong jump in the past few months and can soon observe a new high. The long and short derivatives ratio of the coin also hints at a strong downside momentum in the future. EOS/BTC pair is also observing a bearish trend and can soon hit a new low in the future.. One can invest in EOS as per their needs and can soon see a new high in the future.
EOS coin market dominance along with the market cap is seeing a decline after a speedy recovery. The coin price has to cover more than 82% of the current value to break its all-time high. The volume to market cap ratio of the asset suggests a strong bullish momentum in the price for the future.
Bears Of EOS Coin Price Are Pushing It Down To A Lower Level
EOS coin price weekly technical chart hints towards a downside momentum in the price for the future. On the daily time frame, the asset price is seeing strong bearish momentum. EOS price is currently trading below the 50 and 100 Daily Moving Average on the daily chart, with a negative crossover. The 100MA line is trading near $4.624 and can act as a temporary resistance zone for the coin. The bullish momentum of EOS might see a halt while going upwards can be seen near $6. Meanwhile on the downside momentum, one can see a bounceback near $4. EOS coin price is forming a bearish pattern on the daily chart which can push the price down.
Conclusion
EOS coin price is observing a downtrend on the daily chart but can soon revert to the uptrend. EOS/BTC pair can also observe a new high in the future
Technical Levels
Major Resistance:$6
Major Support: $4