Join Our Telegram channel to stay up to date on breaking news coverage
If the EOS price prediction prepares for the uptrend, the coin will be technically and fundamentally ready to break above $1.25 respectively.
EOS Prediction Statistics Data:
- EOS price now – $1.21
- EOS market cap – $1.3 billion
- EOS circulating supply – 1 billion
- EOS total supply – 1 billion
- EOS Coinmarketcap ranking – #42
EOS/USD Market
Key Levels:
Resistance levels: $1.40, $1.45, $1.50
Support levels: $1.00, $0.95, $0.90
EOS/USD is seen trading above the 9-day and 21-day moving averages within the channel. The coin is ready to kick-start another bullish run above $1.25 if the market price moves near the upper boundary of the channel. Therefore, the break above this barrier is the first signal needed for a bullish to press higher.
EOS Price Prediction: EOS Price May be Ready for Another Spike
Looking ahead, if the EOS price continues to grind higher, the first resistance level may be located at $1.30 as this could also be followed by $.35. However, additional resistance levels may be found at $1.40, $1.45, and $1.50 respectively. On the other side, if the EOS price slide below the 9-day and 21-day moving averages, it could hit the first support level at $1.10.
Beneath this, crossing below the lower boundary of the channel may lead to the critical support levels at $1.00, $0.95, and $0.90. Meanwhile, the technical indicator Relative Strength Index (14) moves to cross above the 60-level, which indicates that buyers are attempting to gain control of the market momentum.
Against Bitcoin, the daily chart shows that the red line of the 9-day MA is likely to cross above the green line of the 21-day MA. However, if the market price remains above the moving averages, there is a possibility that additional benefits could be obtained in the long term and the next resistance key above this barrier is close to the 500 SAT level.
Therefore, if the price crosses above the upper boundary of the channel, it could break the resistance level of 550 SAT and above. However, if the bears regroup and move below the moving averages, the support level of 400 SAT may play out before rolling to the critical support at 300 SAT and below. The Relative Strength Index (14) is moving to cross above the 50-level, which indicates bullish movement.
EOS Alternatives
At the time of writing, the EOS price is likely to trend to the upside. However, it would have to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $1.10, which could be a daily low. Meanwhile, the Love Hate Inu platform ensures top-level security and transparency, making it an attractive option for investors looking to capitalize on the meme coin trend. So far, the presale has raised almost $2.5 million.
Join Our Telegram channel to stay up to date on breaking news coverage