The EOS Price Prediction: Uptrend Restarting
The present EOS price forecast implies that EOS is beginning to restart its uptrend after trading below the moving averages for a period of time. The EOS price is as of now at $0.54 with a market cap of $609.8 Million. It has a circulating supply and total supply of 1.1 Billion EOS tokens, and it holds the #49 ranking on Coinmarketcap.
EOS/USD Market Analysis
Resistance Levels: $0.65, $0.70, $0.75
Support Levels: $0.45, $0.40, $0.35
EOS/USD is trading bullishly today as the price reaches the resistance level of $0.56 around the 9-day moving average. To push the coin towards the upper boundary of the channel, a positive trend cross over the 21-day moving average is required. It’s critical to note that a consistent price increase within the channel may attract more buyers into the market.
EOS Price Prediction: Breaking Higher
In recent days, EOS has been trading below the 9-day and 21-day moving averages. Nonetheless, it is now looking to break over these moving averages. If the 9-day moving average crosses over the 21-day moving average, it might propel the coin towards the resistance level of $0.60.
If the bulls fail to move the price upward, the bears may take advantage by breaking below the lower boundary of the channel. Still, there are indications that the positive trend movement within the channel may increase as the Relative Strength Index (14) is very likely cross over 35-level.
EOS/ Bitcoin Analysis
Against Bitcoin, EOS is as of now trading below the 9-day and 21-day moving averages. Intraday trading ranges as the coin moves towards crossing below the lower boundary of the channel, which could lead to a level of support at 1800 SAT and below.
If buyers push the market upwards, a spike over the moving averages could occur, breaking through this barrier and hitting the resistance at 2400 SAT and higher. Nonetheless, the Relative Strength Index (14) suggests more bearish signals as it may cross below the 30-level.
EOS Alternatives
As of now, EOS is experiencing a slight price increase, indicating positive trend control. It is possible for the coin to spike upwards, and if it breaks over the moving averages, it might move towards the upper boundary of the channel.
Regardless of the decline of some trending tokens, EOS continues to be rated a “buy” due to its attractively low presale price, resulting in whole lot of gains. Therefore, securing some tokens now before their price experiences a rapid ascent could be an optimal strategy.
Hot Take: EOS Gearing Up for Uptrend Restart
The EOS price forecast indicates that EOS is starting to regain its upward momentum after trading below moving averages. With positive trend market conditions and probable breakouts over resistance levels, now could be an opportune time to consider investing in EOS. Regardless of market fluctuations affecting other tokens, EOS remains a promising option with its low presale price and probable for whole lot of gains. Keep an eye on key indicators such as moving averages and RSI levels to make notified investment decisions. Don’t miss out on probable profits as EOS gears up for an uptrend restart.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
