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EOS Price Analysis: the coins try to be steady with the bulls

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The native token of EOSIO network- EOS coin, ranks in the 8th position according to the stats of Coinmarketcap. The price of EOS at the press time was $3.2363 and its market cap was around $3 billion. A major chunk of EOS was coming from BKEX- the world’s leading blockchain derivatives service platform. It contributed a total of $144 million via the EOS / USDT trade pair.

1 Hour Chart

1 hour analysis of EOS
Source: EOS / USD TradingView

The one hour chart shows an uptrend extending from $2.5468 to $3.1873 and a downtrend from $3.5447 to $3.4351. The resistance stood at $3.4351 and the support was held at $3.2092.

The Bollinger bands seem to be traveling parallelly indicating that the price has been quite stable for some time.

The Awesome Oscillator indicates the coin is slowly making its way to the bearish market.

Chaikin Money Flow: The line seemed to have to crossed over the zero line indicating that the coin is facing a bullish sentiment.

1 Day Chart

Daily analysis of EOS
Source: EOS / USD TradingView

The daily chart showed an uptrend extending from $2.1586 to $4.4475 and a downtrend extending from $8.6193 to $3.5453. The support was held at $2.6529 and the resistance stood at $4.2541.

Parabolic SAR: The dotted line seemed to be going upwards indicating a bullish behavior exhibited the coin.

The MACD line was above the signal line which means that the coin is facing a bullish sentiment currently.

The Relative Strength Index showed that the line was above the zero line but going towards the zero line again indicating that the presence of the coin in the bullish market.

Conclusion

All the indicators in the daily chart and the Chaikin Money Flow in the hourly chart suggested that the coin is still in the bullish market.

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