Press "Enter" to skip to content

EOS Price Analysis: The investors try hard not to let go of the bulls

Cryptocurrency


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 $3.4210 and its market cap was around $3.238 billion and a 24-hour trading volume of $1.834 billion. A major chunk of EOS was coming from BKEX, contributing to a total of $269 million via the EOS / USDT trade pair.

2 Hour Chart

EOS / USD TradingView

The short term chart showed a downtrend extending from $3.6681 to $3.5739 and an uptrend extending from $3.1921 to $3.3846. The resistance stood at $3.4993 and the support was held at $3.4022.

The Bollinger Bands had just begun to slowly diverge increasing the volatility of the coins.

Chaikin Money Flow: The CMF line was above the zero line suggesting that the inflow of the capital was more than the outflow pushing the coin to the bullish market.

The MACD line after a trend reversal was traveling below the signal line indicating that the coin was experiencing a bearish trend.

1 Day Chart

EOS / USD TradingView

The one day chart exhibits a downtrend extending from $7.1941 to $3.6660 and an uptrend extending from $2.5403 to $3.4140. The resistance was at $3.7248 and the support was held at $2.6663.

Parabolic SAR: The dotted line was going up indicating the presence of the coin in the bullish market.

The Awesome Oscillator showed that the red bars were gaining momentum to enter the bearish market.

Relative Strength Index: The RSI line was well above the 50-line and was on its way to the 70-line hinting that the buyers were quite active and gaining strength pushing the coin to the bullish market.

Conclusion

The coin, at the press time, was under a bullish influence, but few indicators also suggest that it was about to enter the bearish market.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.