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- The EOS crypto price has slipped below 200-day EMA, indicating the sellers’ presence.
- The EOS price has dropped by 23% in the past month.
The EOS (EOS) price has been in a bullish trend since October and it surpassed the 100-day EMA in the last week of October. The EOS price struggled for a month between the 100-day and 200-day moving average.
In the first week of December, the buyers lifted the price above the 200-day EMA and the price jumped by 20% in five days. The EOS crypto price was in a bullish trend but the trend was disturbed near the $0.900 hurdle. The price tried many times to surpass the $0.900 mark but the sellers were strong enough to drag it down.
The crypto price is trading at $0.718 with an intraday gain of 1.30%. The market capitalization of EOS is $803.16 million and the 24-hour trading volume is $88.50 million. Furthermore, the fully diluted market cap is $803.08 million.
The circulating supply and total supply of EOS is 1,116,456,477 EOS. The RSI is at 49 which has recently jumped over the RSI-Band moving average which indicates the buyers’ presence.
Technical Analysis of EOS Price over Daily Timeframe
Currently, the EOS price has been struggling to surpass the 200-day moving average. In the last few weeks, the EOS crypto price has declined by 20% which shows the strength of the bears.
If the EOS price manages to surpass the 200-day moving average and sustains, the buyers may lift the price to the last swing high. However, if the price sustains the $0.900 mark and buyers remain in control, the price may approach the $1 level in the next few weeks.
On the other hand, if the EOS crypto price fails to sustain the significant moving average and slips below the $0.700 mark, sellers may become confident and the price may melt to the $0.600 mark soon.
Furthermore, if the EOS price fails to defend the $0.600 mark, the sellers may drag down the price to the new all-time low, and the bearish trend may continue.
EOS Price Forecast Based on Technical Analysis
According to the data on February 06, 2024, the EOS price prediction sentiment is bearish with 13 technical indicators giving a bearish signal while 16 are giving a bullish signal.
EOS Price Prediction FAQs
What is the EOS price prediction today?
The EOS price is predicted to gain 0.00% to reach $0.718 by today.
What is the EOS price forecast for tomorrow?
Based on our analysis, the EOS crypto price will gain 1.73% to hit $0.731 by tomorrow.
What is the EOS price forecast for this week?
According to our technical analysis, the EOS price is forecasted to remain neutral. It is predicted to consolidate between $0.675 and $0.744 by the end of this week.
Will the EOS price regain $1?
The EOS price would have to gain 42% to reach $1. According to our algorithm, the EOS price will hit the $1 mark in the next few months.
Conclusion
In conclusion, the EOS crypto price has been under bearish pressure in the past month, slipping below the 200-day EMA, and dropping by 23%. However, the RSI indicates the presence of buyers and if the EOS price manages to surpass the 200-day moving average and sustain above it, it may approach the $1 level in the next few weeks.
Technical Levels
Resistance: $0.800 & $0.900
Support: $0.670 & $0.5300
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.
