After 6 months of highs above $30, the cryptocurrency market has been struggling to find stability post-Bitcoin bull run. After a brief dip in price, EOS reached its lowest point ever at $1.93 where it started moving back up again with some resistance around the $2 mark.
The “eos price prediction” is a cryptocurrency that has recently dropped by 3.38%. The price has also hit $1.93 support, which could be the beginning of an uptrend for the currency.
EOS Price Analysis – 10th of March
EOS has not seen any notable gains in the recent 24 hours, with a loss percentage of 3.38 percent over the time period.
Levels of importance:
$2.5, $2.6, $2.7 are the resistance levels.
$1.5, $1.4, $1.3 are the levels of support.
Because of negative pressure, EOS/USD bulls were unable to keep the price above the $2.1 barrier level. The bulls had a field day a few days ago, taking the price from consolidation to smashing one resistance level after another, despite the fact that it was still trading below the 9-day and 21-day moving averages.
At approximately $2.0, the EOS price is consolidating below the channel’s upper border. If the market rises above the channel, it will likely meet resistance at $2.5, $2.6, and $2.7. In other words, if the bears break through the channel’s bottom limit, the price of EOS/USD might fall to the following support levels of $1.5, $1.4, and $1.3. Meanwhile, the technical indicator Relative Strength Index (14) is expected to pass below the 40-level, indicating that the coin is likely to continue its downward trend.
With a bullish candle today, EOS/BTC remains below the 9-day and 21-day moving averages, but has yet to cross above them. Furthermore, when the technical indicator Relative Strength Index (14) crosses above the 40-level, the coin is observed continuing the downtrend, with support levels of 42 SAT and 40 SAT in sight.
A bullish move over the moving averages, on the other hand, might take the EOS price to the 58 SAT barrier level and beyond. Furthermore, breaching the indicated resistance level may propel the price further higher to a new high, putting the coin in a bullish zone.
The “eos investing” is a cryptocurrency that has been on the rise recently. The price of eos/usd has dropped by 3.38% in the past 24 hours. This is due to a support that was formed at $1.93.
In a significant regulatory action, Flyfish Club—an exclusive NFT-backed dining experience—has reached a settlement with…
In recent years, asset tokenization has emerged as a revolutionary concept, offering a more efficient,…
Hedera Hashgraph has officially launched the Hedera Tokenization Studio, a comprehensive toolkit aimed at streamlining…
CargoX, a blockchain-based document transfer provider, has announced that it will be working with the…
Thailand has passed a law that exempts trading on authorized crypto exchanges from the 7%…
Drake is not the only celebrity to have lost money from bitcoin. In 2017, NBA…