EOS Price Analysis: EOS Coin Price tries to hold 20 day moving averages indicating weakness

  • The EOS coin price above the monthly chart fell below its short-term moving average of 20 days
  • The coin tries to hold 20-SMA while successfully holding 50, 100, and 200-DMA
  • The EOS / BTC pair is trading negative with an intraday loss of -3.33% at 0.0002135 BTC while the EOS / ETH CMP is down -3.46% at 0.002717 ETH.

Source: trade view

EOS The coin price is forecasting some weakness against the monthly chart as the coin tries to hold a 20 day SMA. However, after volatile trading, EOS is now indicating weakness. While if the daily candle closes below 20 DMA, the coin will see a strong sell-off to $ 8.20 and $ 7.75, respectively. However, the general momentum favors bulls as it trades major 50, 100 and 200 day moving averages. While the volume also falls below the average line and seems to have less volume traction. Support on the lower side is at $ 8.60 and $ 7.70. Likewise, the resistance is $ 12.00 and $ 14.90.

EOS is located in the Critical Support Zone

Source: trade view

The EOS The coin price is trading near the critical support zone. The coin is currently trying to hold the support zone, but we can see a good or healthier sell-off if it breaks through the support zone. However, the technical indicators are oversold and can soon bounce back well if supported. Currently, the coin is trading at $ 9.52 with a -11.60% intraday loss while the volume climbs + 1.92% to $ 7,053,070,178. Similarly, the total market cap is $ 9,028,661,450, down -12.25%.

Relative Strength Index (BEARISH) indicates bearish momentum in trading at 42.62. After a sharp sell-off EOS trades near the oversold zone with no clear momentum.

Moving Average Convergence Divergence (BEARISH) is currently showing a bearish trend on the daily chart. It deals with the meaning of the seller’s line (red) versus the buyer’s signal line (green). As both lines get closer and we can see a momentary retreat.

Support levels: $ 8.60 and $ 7.70

Resistance Levels: $ 12.00 and $ 14.90

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