EOS cops are preparing for a big run
- The EOS price shows a bullish move with an increase of 1.2% within 24 hours. Meanwhile, EOS / BTC is seeing a bearish move, losing 0.21%.
- EOS technical indicators show an upward trend. EOS recorded a decline in futures in the 4-hour period.
The EOS price forecast an increase of 11.5% for the coming trading sessions. The EOS has grown by 45% since the beginning of the year. The perpetual swaps shorts are increasing on the stock exchanges. The ratio between longs and shorts on the total exchanges is 0.98. It shows that the people on EOS are bearish. According to Bybt.com, most of the swap orders are placed on Binance and BitMEX exchanges, which is 44.4% of the total order. It shows that the investor is bearish against the EOS. The only exchange with a negative financing price is FTX for EOS swaps.
EOS ranks 30th with a market cap of $ 3,892,158,388. EOS volume ($ 1,983,262,436) was down 28.92%. The volume to market cap ratio for the coin is 0.542. If it is above 0.8, a buying frenzy can be observed.
Technical indicators suggest a bullish move for the EOS price forecast
Source: trade view
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The EOS weekly chart shows a bearish momentum. Upon reaching the daily timeframe, the EOS price will be below 50 and above 100 moving average. The 50MA line (red) is at $ 4.11 which is temporary resistance for the coin. The upside resistance of the coin can be seen at $ 4.5 and on the downside the rebound can be seen at $ 3.5. An accumulation zone is formed in the Monero on the shorter time frame of the 4-hour chart. When the price rises above $ 4.2, a huge buying frenzy can be seen in the coin. The EOS / USD pair may see a bullish move in the coming days. The EOS / BTC pair can see an upward trend in the coming days as well.
RSI (bullish): It is at the 38.7 level and shows its presence in the neutral zone. There is a positive slope formation in the RSI which highlights the possibility of a strong uptrend. The general sentiment on the RSI is bullish.
Conclusion
EOS is a great platform for dapps with a great team. The EOS price predicts a great return for the coming days. An ROI of more than 266% has been achieved since its inception. The EOS / BTC pair may also break the resistance created in the past and see a new high. An investor should conduct due diligence prior to investing.
Technical levels
Main Resistance: $ 4.5
Main grant: $ 3.5
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