EOS the 5th largest cryptocurrency by market capitalization is currently trading at $5.10 (-2.38%) as per Coinmarketcap at the time of writing this post. The 24h High is $5.3557 and 24h Low is 4.9501.
It was on a bullish move on 18th August trading at $5.6610 and then it falls. This cryptocurrency is likely to rise today on the basis of the technical details mentioned below.
EOS Price Prediction and Technical Analysis
The 10-day Exponential Moving Average is 5.1980 while the 20-day EMA is 5.7173. The 10-day Simple Moving Average is 4.9175 which suggests a buy signal. Also, the MACD and Signal line are above zero line which is a good signal and indicates a buy signal.
The support levels are $4.5, $4, $3.5 while the Resistance levels is at $5.5, $6.0, $6.5.
If we see at the 1-hour forecast then we find that EOS is in a bullish trend. Also, the Exponential Moving Average (10) is 5.1054 and EMA (20) is 5.1359. Both the 10-day and 20-day EMA suggest a buy signal. The Simple Moving Average (10) is 5.0882 which is also a good signal to buy.
This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.