Will EOS Survive The Bearish Wave Against The USD? 

The price of EOS is currently bearish against the USD as it has been for the last few days. The support levels are at $4.0, $4.5, $5.0 and resistance at $7.0, $6.5 and $6.0. The price of EOS was bearish throughout last week falling from $6.49 to $4.83 on the 5th of September. The fall in price led EOS to trading in range against the USD and against Bitcoin. The good news is that EOS started on a bullish trend this morning and there is the strong possibility of an upcoming rise in price.

EOS Price May Rise Today

As at this morning, EOS was struggling to stay above the $5.0 level which also happens to be above the upper level of the range. The signal line and MACD line are below the zero line. This is a clear sell signal. EOS price was below the 26 and 12 say EMA indicating that the bears have control of the market. The period 14 relative strength index is at level 43 showing that the price is currently on a sideways trend. This is according to the price analysis of Azeer M from Bitcoin Exchange Guide.

EOS Price Today – EOS / USD

Name Price24H (%)
EOS (EOS)
$2.82
-0.42%

Short-term, the price of EOS is trading sideways and fluctuating above and below the $5.0 mark. The short-term signal and MACD lines are also below the zero line showing that the sellers are dominating the market. At the time of writing, EOS was trading at $5.02. This indicates a 0.15% rise against the USD and a 1.50% against Bitcoin. The trading volume within a 24 hour period is $596,383,292 while the market capitalization is $4,545,151,854. The next few trading sessions will determine if the price action of EOS will change or if the bears will continue to pressure the market. Hopefully, the bukishb pressure on the price chart today will be enough to sustain a significant recovery before the end of today .

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