{"id":231248,"date":"2019-06-29T04:02:24","date_gmt":"2019-06-29T08:02:24","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=231248"},"modified":"2021-09-02T11:11:41","modified_gmt":"2021-09-02T15:11:41","slug":"eos-remains-bearish-heading-for-close-resistance-before-rally-continues","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/eos-remains-bearish-heading-for-close-resistance-before-rally-continues","title":{"rendered":"EOS Remains Bearish: Heading For Close Resistance Before Rally Continues"},"content":{"rendered":"

EOS Price Analysis \u2013 June 29<\/h3>\n

The past few days price drop has positioned the EOS markets in a decline bringing the current trading price around $6. The last 24-hours trading, however, has risen the market by 5.2% as the cryptocurrency now manage to recover from the sudden price decrease.<\/p>\n

EOS\/USD Market<\/h2>\n

Key Levels:<\/strong>
\nResistance levels: $6.5, $7.2
\nSupport levels: $5.5, $5<\/p>\n

After establishing low at around $5.5, the EOS\/USD market has managed to recover a bit from the three days bearish scenario the market suffered from, as EOS price currently trades at $6. Meanwhile, the last 24-hours trading has shown some positive climb as the token faces the $6.5 and $7.2 on the upside. However, the market remains trading within a descending channel.<\/p>\n

\"\"<\/a>
EOSUSD-4H-Chart-June-29<\/figcaption><\/figure>\n

The 4-hours RSI is now retesting the close to the 30 level after the recent selling pressure in the market. But now, the indicator has signaled a bullish crossover. If the price further drops, the EOS bears may find support around $5.5and $5 levels. At the moment, the EOS market is bearish on a medium-term perspective.<\/p>\n

EOS\/BTC Market<\/h2>\n

The EOS\/BTC pair has tumbled over the past few days as the market witnessed a significant drop to the current low of a 0.0005BTC level, recording a 100% loss during the course of the trade. Looking at the medium-term chart, we can see that the bears are gaining control of the market. As the market continues to sell-off, the next key supports is likely at the 0.00045BTC and beyond.<\/p>\n

\"\"<\/a>
EOSBTC-4H-Chart-June-29<\/figcaption><\/figure>\n

Meanwhile, the 4-hours RSI indicator is at the extremely oversold region due to the ongoing selling pressure in the market. For the bulls\u2019 side, a possible rise-up might fly the market to 0.0006BTC and 0.00065BTC resistance levels. On the 4-hours Stochastic RSI, the market has reached the overbought area and this might trigger a sell in the market soon. As of now, the EOS market is following a bearish sentiment.<\/p>\n

Please note:<\/em><\/strong> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

EOS Price Analysis \u2013 June 29 The past few days price drop has positioned the EOS markets in a decline bringing the current trading price […]<\/a><\/div>","protected":false},"author":1742,"featured_media":231263,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8102,8101,8009,7992],"acf":[],"yoast_head":"\nEOS Remains Bearish: Heading For Close Resistance Before Rally Continues - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The past few days price drop has positioned the EOS markets in a decline bringing the current trading price around $6.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231248\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EOS Remains Bearish: Heading For Close Resistance Before Rally Continues\" \/>\n<meta property=\"og:description\" content=\"The past few days price drop has positioned the EOS markets in a decline bringing the current trading price around $6.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-29T08:02:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-02T15:11:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/EOSUSD-4H-Chart-June-29.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1365\" \/>\n\t<meta property=\"og:image:height\" content=\"729\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Azeez Mustapha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ItuGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azeez Mustapha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231248#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231248\"},\"author\":{\"name\":\"Azeez Mustapha\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/0e3e45af228d02da2a4f4ff4b82454b8\"},\"headline\":\"EOS Remains Bearish: Heading For Close Resistance Before Rally Continues\",\"datePublished\":\"2019-06-29T08:02:24+00:00\",\"dateModified\":\"2021-09-02T15:11:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231248\"},\"wordCount\":372,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"EOSBTC\",\"EOSUSD\",\"Price Prediction\",\"Technical Analysis\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231248#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231248#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231248\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/231248\",\"name\":\"EOS Remains Bearish: Heading For Close Resistance Before Rally Continues - 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