- In the last 24 hours, EOS crypto has witnessed a long liquidation of $203.40K.
- The EOS crypto price has advanced by 30% in the last one month.
EOS is an open-source blockchain platform. It is a third-generation blockchain platform that is powered by the EOS virtual machine. It is a POS network that gives authority to the stakeholders to select the nodes.
Being launched in the year 2018, the EOS crypto hit its all-time high price of $22.71 in April 2018. The trading volume of the EOS crypto has declined by 26.47% in the last 24 hours. It has resulted in a traded volume of $140.190M.
The market cap of the EOS crypto has declined by 3.31% in the last 24 hours. Despite this, the decline in the volume is also followed. This behavior in the price data represents the possibility of the price taking a pause.
The current volume/market cap ratio of the EOS token is 18.25%. It also has a max supply of infinity followed by a fully diluted market cap of $766.491M.
TVL vs Vol vs Price Comparison
On the comparison charts of the EOS crypto, it can be seen that the volume of the crypto has witnessed a sudden surge. The price of the crypto has also advanced while the TVL is static. The current TVL value of the crypto is $96.79M.
Weekly Chart Analysis of EOS Crypto
The EOS crypto is following a strong downtrend on the larger timeframe. The crypto is making a lower low pattern leading to lower highs. That movement of the price shows that the sellers have dominated the market.
EOS Crypto Technical Analysis
Following the larger timeframe, the EOS crypto is following the same structure on the smaller timeframe forming lower lows.
The 50-day and the 200-day EMA are trading in a death cross. The EOS token price is currently facing resistance at the 200-day EMA.
The RSI for the EOS token is declining from the overbought zones and has also declined below the 14-day SMA. The following behavior of the indicators shows that by following the market structure, the crypto price might continue to decline to lower levels.
Conclusion
As there is no significant action in the price data of the EOS token it would be more reliable to consider the current technical analysis data. Based upon it the EOS crypto’s major trend looks bearish and the indicators are also giving a sell signal.
Therefore, by taking rejection from the 200-day EMA, the EOS token price might lead to a lower level in the upcoming days.
Technical Levels
- Support levels- $0.3500 and $0.5320
- Resistance levels- $1.2600 and $1.4720
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
