EOS Price Prediction for Today, June 8: EOS/USD Targets $1.00 Resistance Level

Updated: 20 June 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The EOS price prediction sees a 1.99% increase over the past 24 hours of trading as the cryptocurrency touches a $0.89 high.

EOS Prediction Statistics Data:

EOS price now – $0.88
EOS market cap – $969 million
EOS circulating supply – 1 billion
EOS total supply – 1 billion
EOS Coinmarketcap ranking – #43

EOS/USD Market

Key Levels:

Resistance levels: $1.05, $1.10, $1.15

Support levels: $0.70, $0.65, $0.60

EOS Price Prediction for Today, June 8: EOS/USD Targets $1.00 Resistance Level — EOSUSD – Daily Chart

Looking at the daily chart, EOS/USD gains a 1.99% price rise over the past 24 hours of trading as the cryptocurrency bounces from the $0.86 to $0.89 resistance level. However, the EOS may continue to face the upside if the bulls increase the buying pressure. At the time of writing, the movement is shifting in the bullish favor, with the technical indicator Relative Strength Index (14) moving to cross above the 50-level.

EOS Price Prediction: EOS (EOS) Ready for a Spike

The EOS price may need to rise above $1.00 if the buyers push the price above the 9-day and 21-day moving averages. On the contrary, traders may consider the market as bearish if the sellers bring the market movement to the lower side.

However, on the upside, the first level of resistance could be found at $0.90, while the potential resistance levels lie at $1.05, $1.10, and $1.15. Moreover, if the sellers bring the price toward the lower boundary of the channel, traders may expect supports to be located at $0.70, $0.65, and $0.60 while the technical indicator Relative Strength Index (14) faces the north to give more bullish signals.

When compares with Bitcoin, EOS is heading toward the upper boundary of the channel as the coin faces the north. EOS/BTC may need to break above the resistance level of 3500 SAT to secure the bullish movement. From the above, the nearest resistance level could be found near the upper boundary of the channel. Above this, higher resistance could be located at 3800 SAT and above.

Nevertheless, if the selling pressure creates a fresh low within the market, lower support may come at 2800 SAT and below. However, the technical indicator Relative Strength Index (14) moves to cross above the 50-level, which shows that the market could be preparing for an uptrend.

Alternatives to EOS

The EOS price is currently changing hands at $0.88 after the coin moves to cross above the resistance level of $0.89. Today’s trading begins with a slight uptrend in the market, crossing above the 9-day and 21-day moving averages could increase the chance of buyers. Meanwhile, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market. On that note, predicting the long-term price of presale coins can be difficult, particularly for those as volatile as meme coins. Therefore, Wall Street Memes has an established community and a team that has already proven itself in the crypto industry. Meanwhile, the presale has raised almost $6 million since the token has been launched.

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