- EOS coin price is currently observing a strong downside momentum and can soon hit a new low in the future. The asset has seen a loss of more than 3.5% in the past 24 hours.
- Technical indicators of EOS hints towards a consolidated momentum in the future. In contrast, the EOS/BTC pair has seen a loss of more than 2.63% in the intraday session
EOS crypto price is observing a downside momentum in the daily chart and might soon see the next support. EOS’s price is currently trading near the value of $4.324 and has seen a loss of more than 3.8% in the past 24 hours. The asset price is currently seeing consolidation and can soon see a new high. The asset has been seeing an increase in shorts and can soon see a new increase. EOS/BTC pair can also test the support and can soon see a new high in the future. One can invest in EOS according to their needs and risk capacity.
EOS coin market dominance with the market cap can see a new low and might test the lower support. The asset price has to jump more than 60% from the current level to reach a new high in the future. The volume to market cap ratio of the EOS hints towards a strong bullish momentum for upcoming days.
Bears Phase Of EOS Coin Price Might Be Coming To An End
EOS coin price weekly technical chart suggests a consolidated momentum for the upcoming days in the future.On the daily time frame, the coin price is seeing a downside momentum. EOS price is currently trading below the 50 and 100 Daily Moving Average on the daily chart, with an upcoming negative crossover. The 100MA line is trading near $4.59 and can act as a temporary hostile region of the price. The bullish trend of the EOS might face a hostility near $5.5. Meanwhile on the downside trend, one can expect a bounceback near $4. EOS coin price has formed a bearish engulfing pattern which can push the price to a lower level
Conclusion
EOS coin price is currently in a downtrend but can soon revert to a new high. EOS/BTC pair can also see a new high in the upcoming days.
Technical Levels
Major Resistance:$5
Major Support: $3.5