EOS price analysis: EOS Coin is losing momentum

  • The EOS coin price is negative and is around -5.9% during the intraday period.
  • The 24-hour trading volume is $ 1.211 billion.
  • The EOS / BTC pair is trading negative at -7.3% at 0.0007608 BTC.

The daily technical chart and the price trend of the EOS coin show a downward trend. The first support zone is related to the pivot point 2.90 USDT. Another way to watch it is that when it rushes, this is the resistance level to look at 5.70 USDT. As a result, the chart produced a bearish harami candlestick pattern during the day and the cost is confident it will stay down with steadfast medium strength.

The Exponential Moving Average (EMA) band, consisting of various EMAs, strongly supports currency fluctuations. Investors can find that the cost is below the red band. This guarantees that the EOS will sink below the ribbon.

Trading volume (14,522 M) is below the 20-day moving average (23,197 million). The volume is moderate, so the cost is below the pivot point. Investors may also notice that the volume bar on the chart is decreasing. This suggests that abnormal instability is common on subsequent trading days.

The RSI indicator gave a signal (bearish) with 46, which projects a sell-signal in the currency. Investors can see a slope decreasing from 60 to 46. It can collapse in future trading sessions.

Long-term perspective of the EOS coin price trend

The weekly technical chart and the price trend of the EOS coin show a bullish trend. Based on the pivot planes is the support zone 2.90 USDT. From another perspective, when it storms up is that level of resistance to look for 10.0 USDT. Additionally, the graph shows the Heiken Ashi candles, which represent significant upside potential in the asset’s price movement.

The price of EOS today is $ 4.37 and its 24-hour trading volume is $ 1,211,462,068. EOS prices have fallen by -5.9% in the last 24 hours. It has a circulation of 970 million EOS coins and a total of infinite. The OMG is indicating a sell signal and traders have initiated moderate volume. In fact, the cost breaks below the pivot level. Likewise, the general outlook for the market is that the pattern will remain bearish for the next few trading days.

Resistance Levels: $ 5.70 & $ 10.0

Support Level: $ 2.90

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