The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
The Market Periodical
Home Cryptocurrency

EOS Price Analysis: Waves of Downtrend Making  EOS Sink

Antonio K Smith by Antonio K Smith
July 2, 2022
in Cryptocurrency, Markets, News
0
EOS Price Analysis: Struggling for an Uptrend, EOS Calling its Bulls for Help
200
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
  • The waves of downtrend are getting high on the price of EOS over the daily chart. The bulls need to make a recovery
  • The crypto asset is moving below the 20, 50, 100, and 200 daily moving average.
  • The EOS/BTC pair is at 0.00004702 BTC with a gain of 0.66% in it.

The EOS price after a slight recovery is now surfing over the waves of downtrend over the daily chart. This signifies the bearish dominance over the market and another major reason for this downtrend movement is the leading cryptocurrency BTC is behaving bearish which is followed by the other altcoins, investors hope this time BTC should not touch the $17k mark if the same happened the other coins will also register a downtrend movement over the chart. The EOS bulls accumulated and broke the chain of the downtrend but this BTC supported the bears and now the whole market is bearing the pressure. The price is moving below the exponential moving average.

The price for one EOS coin is currently trading at $0.89 which is at a loss of 4.52% in its market capitalization in the last 24 hrs. The coin has a trading volume of 177 million which is currently at a loss of 3.14% in the 24 hrs trading session and a market cap of 888 million. The volume market cap ratio for EOS is at 0.1989.

Related articles

CAKE Price Analysis: CAKE noted a gain of 6.50% amid bearishness

CAKE Price Analysis: CAKE noted a gain of 6.50% amid bearishness

June 3, 2023
ARB Price Analysis: ARB shows a massive spike of 8%, What next?

ARB Price Analysis: ARB shows a massive spike of 8%, What next?

June 2, 2023
Source: EOS/USD by Tradingview

What do Technical Indicator Suggest for EOS

The trading volume is moving considerably low below its average. The bulls need to pump the volume in order to support the price.

The MACD indicator indicates a bearish rally as the histograms are fading and now we are just about to witness a negative crossover which shows the sellers are dominating over the price and making it drop. The relative strength index is showing the continuous increase in selling pressure if the situation continues the price will soon hit the oversold region. The current value of RSI is below 35. Whereas the Bollinger band cloud is moving neutrally and may make a cross over the lower band. So the investors need to get ready for any change in direction in the market.

Source: EOS/USD by Tradingview

Conclusion

The EOS price after a slight recovery is now surfing over the waves of downtrend over the daily and hourly chart. One of the major reasons for this downtrend movement is the leading cryptocurrency BTC is behaving bearish which is followed by the other altcoins. The indicators suggest a bearish rally ahead so investors might take a step and make a count on that.

Technical levels

Resistance levels:$0.97 and 1.01

Support levels: $0.81 and $0.70

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 the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Share80Tweet50
Antonio K Smith

Antonio K Smith

Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles.

Related Posts

CAKE Price Analysis: CAKE noted a gain of 6.50% amid bearishness

CAKE Price Analysis: CAKE noted a gain of 6.50% amid bearishness

by Antonio K Smith
June 3, 2023
0

CAKE price is showing a massive bounce in the intraday session.Buyers looking to regain their strength soon. CAKE token price...

ARB Price Analysis: ARB shows a massive spike of 8%, What next?

ARB Price Analysis: ARB shows a massive spike of 8%, What next?

by Antonio K Smith
June 2, 2023
0

ARB token shows bullish indications on the charts.Bulls succeeded in attaining strength and holding the gains. Arbitrum token price is...

Litecoin Price Prediction: Will this time LTC breakout $100 mark?

Litecoin Price Prediction: Will this time LTC breakout $100 mark?

by Ritika Sharma
June 2, 2023
0

Litecoin Price Prediction suggests a significant rise in coming months.LTC Price sustains above the 50 and 200 day EMA shows...

Aptos Price Prediction: Will APT Price breakout of $10.00?

Aptos Price Prediction: Will APT Price breakout of $10.00?

by Antonio K Smith
June 2, 2023
0

Aptos Price Prediction suggests a rise and bullish trend reversal is possible.APT Price is stuck into the narrow range of...

ICP Price Analysis: ICP defends the support showing a bounce

ICP Price Analysis: ICP defends the support showing a bounce 

by Nancy J. Allen
June 2, 2023
0

Bulls showed their aggression and a doji candle was formed on charts.ICP is still willing to retest the 20 day...

Load More
  • Trending
  • Comments
  • Latest

Kadena price analysis: KDA coin is following the upwards trendline after forming the bullish pattern

February 9, 2022
cryptocurrency

AQUA Airdrop is set to Roll out!

January 7, 2022
AMP Price Analysis: AMP Coin Trading in Horizontal Range-Bound consolidates, Will it be able to retain up to $0.088?

Will Amp Token’s Escalating Demand Drive Its Price To $1?

February 21, 2022
MIOTA Price Analysis: IOTA Token Price Struggles To Sustains Higher Than $1 Mark

Firefly Wallet Powered by IOTA, Starts Staking on Shimmer and Assembly Tokens

December 23, 2021
CAKE Price Analysis: CAKE noted a gain of 6.50% amid bearishness

CAKE Price Analysis: CAKE noted a gain of 6.50% amid bearishness

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
CAKE Price Analysis: CAKE noted a gain of 6.50% amid bearishness

CAKE Price Analysis: CAKE noted a gain of 6.50% amid bearishness

June 3, 2023
Avorak

Lost money trading Bitcoin? Avorak is here to save the day

June 3, 2023
ARB Price Analysis: ARB shows a massive spike of 8%, What next?

ARB Price Analysis: ARB shows a massive spike of 8%, What next?

June 2, 2023
Litecoin Price Prediction: Will this time LTC breakout $100 mark?

Litecoin Price Prediction: Will this time LTC breakout $100 mark?

June 2, 2023
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?