EOS price analysis: The EOS coin price sees a strong downward momentum towards a new low

  • EOS coin price is currently seeing a strong downward momentum and could hit a new low soon in the future. Asset price fell more than 3% in the intraday session.
  • Technical indicators of the EOS coin price suggest strong downward momentum going forward. In contrast, the EOS / BTC pair has lost around 3.59% in value

The price of the EOS coin is currently experiencing a strong bearish momentum that can push the price close to $ 4. The price of the EOS coin has fallen more than 3% and is trading near the $ 4.5 value. The asset price has risen sharply in the past few months and will soon reach a new high. The ratio of long and short derivatives of the coin also suggests strong bearish momentum in the future. The EOS / BTC pair is also seeing a bearish trend and may hit new lows soon in the future. You can invest in EOS as needed and see a new high in the future soon.

The dominance of the EOS coin market along with market capitalization is declining after a quick rebound. The coin price has to cover more than 82% of the current value to break its all-time high. The volume to market capitalization ratio of the asset suggests strong bullish momentum in the price going forward.

The bears of the EOS coin price are pushing it to a lower level

Source: trade view

The weekly technical chart of the EOS coin price suggests a downward momentum in the price for the future. In the daily timeframe, asset price is experiencing a strong downward momentum. EOS price is currently trading below the 50 and 100 daily moving averages on the daily chart, with a negative crossover. The 100MA line is trading near $ 4.624 and can act as a temporary zone of resistance for the coin. EOS’s bullish momentum could stall while an uptrend can be seen near $ 6. The downside momentum is now showing a recovery near USD 4. The price of the EOS coin forms a bearish pattern on the daily chart that can push the price down.


The price of the EOS coin is watching a downtrend on the daily chart but may soon return to the uptrend. EOS / BTC pair can see a fresh high going forward

Technical levels

Main Resistance: $ 6

Essential support: $ 4

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