- EOS has finally started showing positive movement in the market after facing downtrend for the past few days.
- EOS is having an overall gain of 3.46%.
- Now that the bulls have become active for EOS, it will be aiming for $5.
EOS started at a price level of $3.50 in today’s market and went onto the level of $3.60. It is expected that the positive momentum will help EOS to cross the mark of $4. A successful closing above $4 mark will help the altcoin to aim for the major mark of $5.00. As of now, the current price of $3.59 with the market capitalization of $3,305,774,995 and 24h volume traded of $3,995,750,358.
The technical graph reflects on the bullish momentum made by the altcoin from the starting of the year, which is followed by the downtrend. It can be said that the downtrend was the result of both negative fundamentals of EOS and reaching the critical resistance area of $5.50.
The heavy selling volume was also recorded in the altcoin which increased the magnitude of the downtrend and resulting EOS to reach the support level of $3.50.
As of now, the technical indicators and oscillators favor the bulls. RSI is far from the oversold territory and is at the level of 40. Any rise in the level above 50 will indicate that EOS is capable of performing a long-term bullish rally in the market.
CCI is in the normal region, which is also a positive sign for the altcoin. MACD levels are in the bearish zones but indicate an upcoming bullish momentum as the bullish cross is been made.
Resistance level: $4.10 and $5.50
Support level: $3.50 and $3.00
