- The price of the EOS coin is in a downward dynamic and may hit a new low in the coming weeks.
- The EOS price is currently holding its current level despite the decline in Bitcoin. In contrast, the EOS / BTC pair saw a gain of more than 1.5% in the intraday session.
EOS crypto price is currently slowly recovering and trading near the $ 3.64 level. The price of EOS has returned more than 1% in the past 24 hours. The coin price has risen by more than 300% since the beginning of the year. The long and short derivatives of the EOS coin are equivalent, according to Bybt.com. It can cause the price to stay in the consolidation zone for a while. The EOS / BTC pair is also watching a spike and may see a breakout from the previous resistance. One can invest in EOS as soon as there is a positive sign of the outbreak.
EOS Coin has a market cap of more than $ 3,799,368,261 and a market dominance of more than 0.25%. The volume of the asset has increased by more than 40% in the last 24 hours. The EOS’s volume-to-market capitalization ratio is close to 0.315, suggesting consolidated price momentum. When the ratio of the coin jumps above 0.8, strong bullish momentum up to $ 6 can be seen.
Technical indicators point to the continuation of the consolidation phase of the EOS crypto price
Source: trade view
The weekly technical chart on the EOS coin suggests strong bullish momentum for the weeks ahead. The price of the coin trades below the 50 and 100 Daily Moving Average on the daily chart. The 50MA line is close to $ 4.59, making it a temporarily hostile region for the coin price. Resistance to the upside for the EOS can be seen at $ 6. On the other hand, the bounceback area can be seen at $ 2. The price of the EOS coin forms a parallel downward channel on the daily chart. If the price continues in the same channel, a new low can be seen in the future. The EOS / BTC pair can also see strong upward momentum in the coming days.
The EOS crypto price is holding its current level despite the decline in BTC. It says the price could return to normal soon. The EOS / BTC pair can also break through the resistance created in the past and climb to a new high.
Main Resistance: $ 6
Main grant: $ 2
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