EOS might seem lifeless as per the crypto’s present worth motion regardless of the intermittent rises within the earlier quarter and just lately when it spurred as excessive as $3.8, whereas at the moment buying and selling with a sheer correction of over 25% in simply two days. The present bearish candlewick led to a steep pullback beneath $Three and is near testing the day by day MAs’ main helps.
EOS’s present buying and selling worth is away from reclaiming the YTD excessive marked at $5.5 on the onset of the yr and pulled again to as little as $1.5 on the day by day chart in March. Regardless of the present worth motion, EOS is seen buying and selling amongst the highest 15 cryptos of the worldwide market. The most important attraction right here is that the EOS platform is profitable sufficient and is, due to this fact, it’s forward of TRON, Monero, Tezos, and so forth.
EOS Value Evaluation
EOS/USD Chart By TradingView
At this time, on the time of penning down this evaluation, EOS was seen buying and selling at $2.Eight after a freefall noticed from the current 3-month excessive. Simply when EOS worth was seen spurring, the pattern breached the higher Bollinger Band on the chart. However, unable to carry, one of many high 15 cryptos of the worldwide market is seen buying and selling near testing MA50 & MA200 at $2.6 and $2.7, respectively.
The MACD line is seen declining in direction of the sign line after a bullish crossover on the day by day chart, getting ready for a bearish divergence as a consequence of worth slash. The RSI is seen declining after having breached the overbought zone and at the moment lies at 50.65.