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EOS Price Prediction: EOS Is Rebuilding Support

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EOS Price Prediction – September 2
The current trading outlook in the EOS market portends that it is rebuilding support against the purchasing strength of the US currency. According to figures obtainable in the financial book of records, the crypto economy witnessed an all-time high of $22.89 on April 29, 2018 (4 years ago) and an all-time low of $0.4802 on Oct. 23, 2017 (5 years ago). Price is now trading at $1.54 at 3.95% positives.

EOS Price Statistics:
EOS price now – $1.54
EOS market cap – $1.5 billion
EOS circulating supply – 999.5 million
EOS total supply – 1.1 billion
Coinmarketcap ranking – #208

EOS/USD Market
Key Levels:
Resistance levels: $2, $2.25, $2.50
Support levels: $1.25, $1, $0.75
EOS/USD – Daily Chart
A stronghold of efforts garnering has been by the EOS/USD market bulls as the price is rebuilding support around the psychological value-lines of the SMAs. In the wake of that assumption, tending to play out successfully, buying activities may have to negate any downward move attempted to surface in this trading cycle. New investors may consider joining the trend before the subsequent volatile motions occur.

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Can there be more sustainable downs at this point in the EOS/USD market?

A stronghold of efforts garnering has been by the EOS/USD market bulls as the price is rebuilding support around the psychological value-lines of the SMAs. In the wake of that assumption, tending to play out successfully, buying activities may have to negate any downward move attempted to surface in this trading cycle. New investors may consider joining the trend before the subsequent volatile motions occur.

On the downside of the technical analysis, the EOS/USD market bears are to suspend their shorting intentions for a while until the convergence of trading candlesticks comes to be at a higher-trading resistance spot. The trending force to the north side seems to be in top shape to let the market push back for either a retest or a breakout of a high point around the $2 resistance in the long run. If bulls fail to push further above that point, selling activities will resume the way they did happen in the past.

EOS/BTC Price Analysis

In comparison, the EOS market appears to have been trading to maintain a higher level relative to the trending worth of Bitcoin. The cryptocurrency pair is rebuilding support after correcting downward to touch the trend line of the smaller SMA. The 50-day SMA indicator is underneath the 14-day SMA indicator. The Stochastic Oscillators have dipped into the oversold region, trying to cross back northbound. And they are keeping 7.90 and 16.31 range values. With the emergence of two bullish candlesticks, the base crypto has appeared to gain more stances to push against its counter-trading crypto.

 

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