EOS Trades Bearish Medium-term But Ranges Short-term

The price of EOS is Bearish Medium-term with resistance levels at $7.0, $6.5, $6.0 and support levels at $4.0, $5.0, $4.5. During yesterday’s trading session, the price was bearish below the $4.8 level entering into a range bound pattern. It moved below the previous range bound territories pulling back above the upper price range level. Hopefully, EOS will be able to rise to the previous $6.55 high. Unfortunately, if the bears continue to put pressure in the market, the price will fall as low as $4.0.

EOS Price Today – EOS / USD

NamePrice
eos
EOS
$3.45-1.11%

The signal line and the MACD line are below the zero line. What this means is that the sellers are preparing to overtake the market. Also, the price is below the 26-day EMA and the 12-day EMA showing that the trend is still bearish. The period 14 relative strength index is level 32 and this means that the bulls are still in play and the market is entering the oversold levels. This is according to the price analysis of Azeer M on Bitcoin Exchange Guide.

EOS To USD Price Now

Short-term, the price of EOS is trending sideways above the 26-day and 12-day EMA. This shows that the price is rising short-term. The short term signal and MACD lines are below the short-term zero line. This is a clear sell signal. At the time of writing, EOS (EOS) was trading at

$5.00. This accounts for a 0.65% fall against the USD and a 0.70% fall against Bitcoin. The next few trading sessions will determine if the price action of EOS will change for the better or the bears will continue to put pressure on the bulls.

Still ranked as the 5th largest cryptocurrency in the world, EOS currently has a market capitalization of $4,527,771,131. The trading volume within a 24-hour period is $705,168,763. The total supply of EOS that can be allowed in the market at a given time is 1,006,245,120 EOS while the circulating supply which is the amount that is already in the market is 906,245,118 EOS.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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