EOS Price‌ ‌Analysis:‌ EOS token price trailing near $3.56

  • Eos token price is facing a solid selloff for the past few trading sessions and fails to suppress its 20-DMA hurdles.
  • The coin is trading below all vital moving averages of 20, 50, 100, and 200-DMA lines while fails to suppress its short-term moving averages of 20 and 50-DMA.
  • The pair of EOS /BTC is trading under a loss of -1.38% at 0.000114 BTC, and the ratio of EOS /ETH is dealing with slight selling pressure at 0.001907 ETH with a 24-hour change of -1.42%.
tradingview

Over the monthly chart, the Eos token is trading under pressure, making lower highs and lower lows patterns. The coin is presently trading below all major moving averages of 20, 50, 100, and 200-DMA while failing to suppress its short-term moving averages of 20 and 50-DMA lines.

Moreover, the monthly chart volume is lower and falls below the average line, and it needs to improve in the upcoming trading sessions. Support on the lower side is at $3.25 and $3.05, whereas resistance on the higher side is $4.52 and $5.49.

Eos token is now trading near its minor support zone of $3.25 to $3.50

tradingview

Over the monthly chart after a roller coaster ride, Eos token is now trading near its minor support zone of $3.25 to $3.50. Moreover, the volume is also recorded lower and falls below the average line, improving in upcoming trading sessions. Likewise, the technical parameters are also supporting the bears at the 4-hour time frame. Currently, the coin is trading at $3.56 with an intraday loss of -3.02%, and the volume to market cap ratio is at 0.2236.

Relative Strength Index (oversold)eos token price RSI presently indicates a bearish or flat trend over the weekly chart. In contrast, the RSI is CMP near oversold levels at 34.25.

Moving Average Convergence Divergence (mixed) currently indicates a sideways or flat trend on the daily chart. This is because the seller’s line (red) and the buyer’s signal line (green) overlaps.

Support levels: $3.25 and $3.05

Resistance levels: $4.52 and $5.49.   

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