EOS Price Analysis: Will EOS again Showcase its Potential?


  • EOS faces resistance at $1.10.
  • The current trading volume of EOS is at $98,373,160.00.
  • EOS/USD pair trading below EMA(20).
  • EOS price flashes signs of bullishness on 7-days price chart.

22 April 2024 : 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 -1.84 percent, bringing the entire cryptocurrency market to $2,440,109,334,308. The total trading volume stands at $63,519,904,383. Bitcoin shares 53.49 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $66,287.70 level after an upward movement of 1.69%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.36 percent reaching to $3,229.39 during the previous 24 hours.
While publishing this blog, BNB traded at $607.54, following a price change of 4.81% within the same time frame. SOL the native coin of Solana is up by 2.94 and currently trading at $155.86. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% 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 $1.10 Support Level 1 $0.96
Resistance Level 2 $1.15 Support Level 2 $0.89
Resistance Level 3 $1.23 Support Level 3 $0.83

EOS Performance

EOS has recorded a upsurge, gaining 1.25% in last 24 hours. The current value of EOS is hovering at $0.83 with the trading volume of $98,373,160.00 USD in the same timeframe. The overall marketcap for EOS is $938,071,042.00 USD while the coin price changes 4.17% over the week.

EOS Price Analysis

EOS price analysis for 22 April 2024 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) 1.05 Sell
Exponential Moving Average (10) 1.05 Sell
Simple Moving Average (20) 1.11 Sell
Exponential Moving Average (20) 1.11 Sell
Simple Moving Average (50) 1.29 Sell
Exponential Moving Average (50) 1.28 Sell

The coin is going down as it break below two crucial support levels of $0.96 and $0.89. The market is not suitable for bulls and bears might take EOS towards the next support at $0.83. The Relative strength index (RSI) for EOS Coin is currently hovering at 26 for 14-days average line, which means EOS is in oversold zone and a trend reversal is possible. The MACD line is standing above of the signal line after a positive crossover. EOS investors need to wait for any directional change over the daily chart. While EOS’s Williams %R indicator is at -52.692 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.

Conclusions

EOS market shows a bullish signs, and bulls can push EOS higher in the coming sessions. EOS has a resistance at $1.10, beyond which the coin would move toward next crucial resistance at $1.15.