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Bulls’ momentum is increasing in EOSUSD market
EOSUSD Price Analysis – August 23
The increase of the price above the resistance level of $1.9 may place the price to $2.1 and $2.5 price levels. Inability to cross above the $1.9 level may decrease the EOSUSD towards $1.6, $1.40, and $0.8 support levels.
EOS/USD Market
Key Levels:
Resistance levels: $1.9, $2.1, $2.5
Support levels: $1.6, $1.40, $0.8
EOS/USD Long-term Trend: Bullish
EOSUSD is bullish in the daily chart. The crypto bottomed at the support level of $0.88 on July 12. It consolidates for few days around the mentioned level. Bulls gained more pressure and the price was pushed towards north with the formation of more bullish candles. The former resistance levels of $1.40 and $1.6 was broken upside. Yesterday, the resistance level of $1.9 was tested. Today, the price pulls back.
The price is trading above the two EMAs where the 9 periods EMA is above 21 periods EMA which indicates that the bulls are holding to the EOS market. The Relative strength Index period 14 is pointing up at 69 level displaying a bullish direction. The increase of the price above the resistance level of $1.9 may place the price to $2.1 and $2.5 price levels. Inability to cross above the $1.9 level may decrease the price towards $1.6, $1.40, and $0.8 support levels.
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EOS/USD Price Medium-term Trend: Bullish, Bulls Embrace Tamadoge
EOSUSD is bullish on the medium-term outlook. The bulls’ momentum increases and the price follow the direction. The coin is moving upward with the formation of more bullish candles, which indicates that bulls were in control of the price. Looking at the resistance level of $1.9, the price is carrying out retracement towards the support level of $1.6.
The 9-day EMA and the 21-day EMA are separated from each other and the price is trading above the two EMAs which connote strong bullish EOS market.
Tamadoge sold for 1 USDT to 100 TAMA (1 TAMA = 0.01) in the first phase, in which a beta sale of 200 million tokens were made available to the public. Since then there have been successive sale tranches of 100 million tokens. Half of the tokens on offer in the presale have now been sold. In total 1 billion TAMA tokens are up for sale, with the price rising on each occasion. TAMA has a total supply of 2 billion, so early bird buyers in the presale are able to purchase a generous 50% of supply. Tranche prices will keep rising until the price reaches $0.03, equivalent to 3 times the initial beta sale price. The next price to beat is in the sixth phase when 1 USDT buys 44.44 TAMA.
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