EOS Price Analysis: EOS looks positive for near future?


  • EOS currently trades near $1.19
  • EOS has its next resistance at $1.25.
  • EOS price analysis is bullish today.
  • In terms of EOS support floor, it is now $1.12.

03 October 2022 : In this article we will walk you through EOS price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for EOS, Is EOS a good investment? EOS support & resistance levels etc. But before diving deep into the EOS technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $942,458,512,284. The total trading volume stands at $55,235,219,316. Bitcoin shares 39.8 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,557.65 level after an upward movement of 1.84%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 2.18 percent reaching to $1,325.92 during the previous 24 hours.
While publishing this blog, BNB traded at $288.29, following a price change of 1.74% within the same time frame. XRP the native coin of XRP is down by -0.44 and currently trading at $0.46. Additionally, Cardano reached $0.43 after seeing a uplift of 0.54% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

EOS Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of EOS (EOS)

EOS Resistance Levels EOS Support Levels
Resistance Level 1 $1.25 Support Level 1 $1.12
Resistance Level 2 $1.30 Support Level 2 $1.05
Resistance Level 3 $1.37 Support Level 3 $0.99

EOS Performance

EOS has recorded a upsurge, gaining 0.05% in last 24 hours. The current value of EOS is hovering at $1.19 with the trading volume of $164,155,108.00 USD in the same timeframe. The overall marketcap for EOS is $1,189,877,237.00 USD while the coin price changes 1.57% over the week.

EOS Price Analysis

EOS price analysis for 03 October 2022 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the EOS.

Moving Averages Price Indicator
Simple Moving Average (10) 1.19 Sell
Exponential Moving Average (10) 1.20 Sell
Simple Moving Average (20) 1.27 Sell
Exponential Moving Average (20) 1.27 Sell
Simple Moving Average (50) 1.43 Sell
Exponential Moving Average (50) 1.42 Sell

EOS has a nearest resistance of $1.25. A bullish breakout in this resistance level would boost the uptrend momentum. The buyers could then target the resistance R2 placed at $1.30. Alternatively, if the investors turn against the EOS (EOS), the bears might control the market and take EOS price below the crucial support level of $1.12. The relative Strength Index (RSI) indicates that the EOS coin is in consolidation zone, as RSI is at 45. While EOS’s Williams %R indicator is at -58.845 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The EOS/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market.

Conclusions

The EOS market is shown signs of being optimistic, and buyers have the potential to drive prices of the cryptocurrency higher in the next few days. The price of EOS is expected to break above its resistance level of $1.25. On the other hand, if EOS broke out from the bullish pattern and led its way toward support level of $1.12.