EOS Price Prediction for Today, March 2: EOS/USD Rebounds Above $1.24 Level

The EOS price prediction sees a 2.15% increase over the past 24 hours of trading as the cryptocurrency touches a $1.24 high.

EOS Prediction Statistics Data:

• EOS price now – $1.23
• EOS market cap – $1.3 billion
• EOS circulating supply – 1 billion
• EOS total supply – 1 billion
• EOS Coinmarketcap ranking – #41

EOS/USD Market

Key Levels:

Resistance levels: $1.40, $1.45, $1.50

Support levels: $1.05, $1.00, $0.95

EOS/USD gains a 2.15% price rise over the past 24 hours of trading as the cryptocurrency bounces from the $1.16 to $1.24 resistance level. The EOS may face the upside as the red line of the 9-day MA remains above the green line of the 21-day MA. At the time of writing, the movement is shifting back into the bullish favor, with the technical indicator Relative Strength Index (14) moving above the 60-level.

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

The EOS price may need to rise above $1.24 if the buyers keep 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 $1.25, while the potential resistance levels lie at $1.40, $1.45, and $1.50. Moreover, if the sellers bring the price toward the lower boundary of the channel, traders may expect supports to be located at $1.05, 1.00, and $0.95 while the technical indicator Relative Strength Index (14) faces the north to give more bullish signals.

When compares with Bitcoin, EOS is likely to be above the upper boundary of the channel as the coin heads to the north. The EOS price heads to the north as the coin prepares to create a new high within the market. From the above, the nearest resistance level could be found at 540 SAT. Above this, higher resistance is located at 550 SAT and above.

On the contrary, if the selling pressure creates a fresh low within the market, lower support may come at 450 SAT and below. However, the technical indicator Relative Strength Index (14) moves to cross above the 70-level, which shows that the market could be preparing for an uptrend.

EOS Alternatives

The price of EOS at the moment implies that the price is in an uptrend, and from the way it is according to the daily chart, it will keep growing. Meanwhile, traders can expect more bullish action if all the support holds in place. The price of the coin might likely reach a $0.140 high level in its long-term outlook. On that note, the new token FightOut is still doing great in the market as almost $5.5 million has been raised so far during the presale. As the presale comes to an end very soon, the price of the token is expected to increase once it goes live.