EOS/USD Drops by 3.38%; Ushers Price to $1.93 Support – Cryptovibes.com – Daily Cryptocurrency and FX News
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EOS Price Analysis – March 10
EOS has not been able to fetch any significant growth over the last 24 hours, and the loss percentage in this period stands at 3.38%.
EOS/USD Market
Key Levels:
Resistance levels: $2.5, $2.6, $2.7
Support levels: $1.5, $1.4, $1.3
EOS/USD bulls could not sustain the price above the $2.1 resistance level because of bearish pressure. A couple of days ago, the bulls had a field day as they took the price from consolidation to breaking one resistance level after the other, still trading below the 9-day and 21-day moving averages.
EOS Price Analysis: EOS Price Not Yet Ready for The Upside
The EOS price is consolidating below the upper boundary of the channel at around $2.0. The market may go up if it bounces above the channel to face the resistance levels of $2.5, $2.6, and $2.7. In other words, EOS/USD may sink if the bears break towards the lower boundary of the channel, and the price could fall to the next support levels of $1.5, $1.4, and $1.3. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross below 40-level which means that the coin may follow a bearish momentum.
EOS/BTC Market: Consolidating to the Downside
Today, EOS/BTC remain below the 9-day and 21-day moving averages with a bullish candle but has yet to cross above the moving averages. More so, as the technical indicator Relative Strength Index (14) moves to cross above 40-level, the coin is seen following the downtrend as 42 SAT and 40 SAT support levels are in view.
However, a bullish movement above the moving averages could push the EOS price to the resistance level of 58 SAT and above. Moreover, breaking the mentioned resistance level may further push the price to the new high which may send the coin into a bullish zone.
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