- EOS coin price over the monthly chart slipped below its short term moving averages of 20-day
- The coin is trying to hold 20-SMA while successfully holding 50, 100 and 200-DMA
- The pair of EOS/BTC is trading negatively with an intraday loss of -3.33%, standing at 0.0002135 BTC, while EOS/ETH CMP at 0.002717 ETH drop by -3.46%
EOS coin price projecting some weakness over the monthly chart, as the coin is trying to hold SMA of 20-Day. However, after volatile trade, EOS is now indicating weakness. While, If Day candle closes below 20-DMA, the coin witnesses a strong selloff till $8.20 and $7.75. However, the overall momentum favors bulls while trading above all major moving averages of 50, 100, and 200-day. Whereas the volume also falls below the average line and seems to have less volume traction. Support on the lower side is at $8.60 and $7.70; likewise, resistance is $12.00 and $14.90.
EOS is at Critical Support Zone
Over the weekly chart, the EOS coin price is trading near the critical support zone. The coin is presently trying to hold the support zone, but we can see a good or healthier selloff if it breaks the support zone. However, the technical indicators are oversold and can soon see a good recovery if it holds support. Currently, the coin is trading at $9.52 with an intraday loss of -11.60%, while volume gains around +1.92%, standing at $7,053,070,178. Similarly, the total market capitalization stands at $9,028,661,450, witnessing a dip of -12.25%.
Relative Strength Index (BEARISH) indicates bearish momentum while trading at 42.62. However, after a sharp selloff, EOS is trading near the oversold zone with no clear momentum.
Moving Average Convergence Divergence (BEARISH) currently indicates a bearish trend on the daily chart. It is trading with the significance of the seller’s line (red) over the buyer’s signal line (green). While both the lines are heading closer and we can witness short-term pullback.
Support levels: $8.60 and $7.70
Resistance levels: $12.00 and $14.90
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