- EOS coin over the monthly is trading near its vital moving average lines while trying to suppress its major moving averages.
- The crypto asset is currently trying to suppress its major moving averages of 20, 50, 100, and 200-day lines, with average volume activity.
- The pair of EOS/BTC is trading at 0.00007668 BTC with an intraday gain of +2.24%, and the ratio of EOS/ETH is CMP at 0.001165 ETH with a 24-hour change of +1.05%.
EOS coin at the monthly chart is facing slight resistance of the major moving averages of 20, 50, 100, and 200-day lines. Meanwhile, the volume activity over the chart is still average and needs to improve sharply for a substantial upside in the upcoming trading sessions. Similarly, the digital asset trades sideways after a sharp recovery from the lower side with higher volume activity.
Once the closing of day candles above all vital DMA happens, we can expect a sharp move in upcoming trading sessions. Volume activity needs to grow strongly to sustain DMA Lines for the next lap of a bullish move. Support on the lower side is $4.20 and $3.65, whereas resistance on the higher side is $5.09 and $5.51.
EOS coin is trading sideways at the 4-hour time frame, while the volume activity is still lower
EOS coin is trading sideways over the 4-hour time frame, while the volume activity is still lower. Meanwhile, the technical parameters are trading sideways, with slight bearish nature over the weekly time frame. Volume at the 4-hour time frame is lower and needs to improve sharply for an upcoming bullish move. EOS price is trading at $4.65 with an intraday dip of -1.95%, and the volume to market cap ratio is 0.1677.
Relative Strength Index (BEARISH): EOS coin RSI is heading lower after declining from the lower levels. In contrast, the coin is trading sideways and projects slight caution with longs and RSI at 49.
Moving Average Convergence Divergence (MIXED): The daily chart projects a neutral trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) and the seller’s line (red) overlap each other.
Support levels: $4.20 and $3.65
Resistance levels: $5.09 and $5.51.