- The EVMOS token price continues moving higher with the higher-low formation in terms of the hourly price chart.
- The Market Cap of EVMOS token gained 5% in the last 24-hours with a presence at $700 Billion.
- The EVMOS token along with the Bitcoin pair is trading at 0.000114 Satoshis, bullish by 9.5%.
Why EVMOS is unique among cryptocurrencies as a whole
Evmos is one of the Cosmos ecosystem’s first Ethereum Virtual Machine-based blockchains, allowing developers to create apps that run smart contracts across one of these numbers of EVM and Cosmos-based blockchains. It simplifies and streamlines the process by allowing developers to continue developing apps in Solidity and Vyper as they have in the Ethereum ecosystem.
Evmos expands the capabilities of the EVM by enabling cross-chain applications that harness the liquidity and user bases of several blockchain ecosystems to create more unified experiences.
Technical analysis of EVMOS
EVMOS token price is trending higher with a higher-low formation in the context of the hourly price chart. Thus, at the time of writing, the EVMOS token is trading at $3.4 indicating higher momentum in the hourly price chart.
According to the price trend, buyers are buying EVMOS tokens with each increase. Thus the market cap of the EVMOS token grew by 5% with a presence of $700 billion in the last 24 hours. Furthermore, the EVMOS token along with the bitcoin pair is trading at 0.000114 satoshis, which is a gain of 9.5%.
Traders saw a 15% trading volume the previous night. Thus the 30-day moving average has a significant buying zone, which acts as a horizontal support level in the context of the 4-hour price scale.
In the upcoming trading session, buyers can see a selling force near the $5.9 mark.
Conclusion
For more bullishness, investors of the EVMOS token need to deposit above the $3.7 mark for the altcoin.
Support level – $3.0 and 2.0
Resistance level – $4.0 and $5.0
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.