EOS (EOS) Might Break Out From Its Sideways Trend with More Traction From The Bulls

A couple of days back, the value of EOS (EOS) was in a sideways trend before the bears showed up and took the value of the digital currency down to $6.92. The digital currency is still in its sideways trend based on its current value, and it might continue in that level until it amasses enough momentum to break its resistance at the $7.5 mark.

In the meantime, the signal and the MACD (Moving Average Convergence Divergence) line are beneath the zero line that indicates a sell signal. Also, the value of the digital currency is beneath the 12-day exponential moving average and the 26-day exponential moving average that signals that the bearish trendline is ongoing.

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However, the relative strength index (RSI) period 14 is level 48, signaling that the value of the coin is in the sideways trend territory.

The Near-Term Trend of EOS (EOS)

On the one-hour chart of the digital currency, the value of EOS (EOS) is presently in a bullish territory, as it is showing signs of recovery over the past twenty-four hours. The digital currency is now trading over the 12-day exponential moving average and the 26-day exponential moving average, and this indicates that the value of the digital currency is on the rise.

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Furthermore, the signal line and the MACD line are over the zero line which indicates a buy signal. The value of the digital currency is currently heading north and it is making an attempt to test its previous high at the $7.27 mark.

EOS Price Today – EOS / USD

Name Price24H (%)
EOS (EOS)
$5.41
-0.8%

At the time of writing, EOS is still holding its number 5th spot on the list of top digital currencies in the world by market cap. The digital currency is currently trading at $6.98 after an increase of about 0.6 percent over the past twenty-four hours. The market cap of the digital currency is $6.43 billion and its trading volume over the past twenty-four hours is $482.12 million.


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