EOS/USD Slumps; Ushers Price to $2.33 Support – Cryptovibes.com – Daily Cryptocurrency and FX News
https://ift.tt/uai14Sv
EOS Price Analysis – February 12
EOS has not been able to fetch any significant growth over the last few days, and the loss percentage in this period stands at 2.07%.
EOS/USD Market
Key Levels:
Resistance levels: $3.0, $3.2, $3.4
Support levels: $2.0, $1.8, $1.6
EOS/USD bulls could not sustain the price above the $2.7 resistance level because of bearish pressure. A couple of days ago, the bulls fielded the day as they took the price from consolidation to breaking one resistance level after the other, currently trading below the 9-day and 21-day moving averages.
EOS Price Analysis: Where is EOS Price Going Next?
The EOS price is sliding below the resistance level of $2.5. The market may go up if it bounces above the upper boundary of the channel to face the resistance levels of $3.0, $3.2, and $3.4. In other words, EOS/USD may sink if the bears break towards the lower boundary of the channel, and the price may fall to the critical support levels of $2.0, $1.8, and $1.6. Meanwhile, the technical indicator relative Strength Index (14) is moving to cross below 40-level which means that the coin may continue to follow a bearish momentum.
EOS/BTC Market: Consolidating to the Downside
Against Bitcoin, the EOS price remains below the 9-day and 21-day moving averages with a strong bearish candle and has since been trading below the moving averages. More so, as the technical indicator Relative Strength Index (14) moves below 40-level, the coin is seen following the downtrend as 50 SAT and 45 SAT support levels are in view.
However, a bullish movement above the 9-day and 21-day moving averages could push the price to the resistance level of 60 SAT and above. Moreover, breaking the mentioned resistance level may push the price to the new high of the month which may likely send the coin into a bullish zone. Nevertheless, the trading volume also confirms the bearish movement.
Cryptocurrency
