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EOS Price Prediction for Today, December 7: EOS/USD Rises Above $1.00

EOS Price Prediction for Today, December 7: EOS/USD Rises Above $1.00
EOS Price Prediction for Today, December 7: EOS/USD Rises Above $1.00

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The EOS price prediction shows that EOS is likely to cross above the upper boundary of the channel to begin the upward movement.

EOS Prediction Statistics Data:

  • EOS price now – $1.25
  • EOS market cap – $1 billion
  • EOS circulating supply – 1 billion
  • EOS total supply – 1 billion
  • EOS Coinmarketcap ranking – #38

EOS/USD Market

Key Levels:

Resistance levels: $1.25, $1.35, $1.45

Support levels: $0.75, $0.65, $0.55

EOS/USD is at the time of writing changing hands at $0.99 after the coin touches the daily high of $1.01 with a market cap of $1 billion. Today’s trading begins with a slight uptrend in the market as the coin moves to cross above the upper boundary of the channel. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.

EOS Price Prediction: EOS May Follow the Upward Movement

Looking at the daily chart, the EOS price is moving bullishly as the coin prepares to cross above the channel. As soon as this is done, the bulls may now push the coin to hit the nearest resistance level of $1.20 before locating the potential resistance levels at $1.25, $1.35, and $1.45 respectively.

However, as the technical Indicator Relative Strength Index (14) moves to cross above the 60-level, EOS/USD may continue to move to the north, and once this plays out, it can manage to sustain the bullish movement above the channel. Meanwhile, if the price decides to make a quick turn and crosses below the 9-day and 21-day moving averages, the support levels could be found at $0.75, $0.65, and $0.55

Against Bitcoin, the EOS is hovering above the 9-day and 21-day moving averages, and the bulls are likely to push the coin to the upside as the technical Indicator Relative Strength Index (14) moves to cross into the overbought region.

EOSBTC – Daily Chart

However, if the bulls push the price above the upper boundary of the channel, EOS/BTC may rise to hit the resistance level of 700 SAT and above. Meanwhile, any bearish movement below the moving averages could bring the price toward the support level of 500 SAT and below.

Meanwhile, those who invest in Impact Token (IMPT) will be able to claim them from December 12, 2022. In order to do this, they will connect the wallets they used to buy the tokens initially, and the token will be dropped into their wallets. Also Uniswap, LBank, and Changelly Pro will list IMPT for trading, once the presale has been concluded. This environmentally friendly project is gaining traction and close to $15 million has been raised in the current IMPT presale.

Moreover, Dash 2 Trade aims to guide all trades to speculate more proficiently. This is because effective risk control parameters are necessary for building robust strategies for initiating winning trades. There is a D2T presale ongoing and time is running out. The presale dashboard launch is coming soon since the product dev is ahead of the schedule. So far, the presale has raised almost $9.5 million.

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