Resistance

Million

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Eos price (EOS)&nbsp; is up by&nbsp; 0.61% in the past 24 hours and is currently trading at $0.72.</a> </li> 
 <li> <span>2</span> <a>Eos (EOS) price failed to sustain above 200 EMA on the daily chart which led to slippage below the nearest support.</a> </li> 
</ul> 
<p>EOS’ price has been in a strong declining trend for the past 6 months losing 30.8% of its value in the past 6 months and declining 17.28% over the past 3 months. It is thus, forming a new swing low.&nbsp;</p> 
<p>Thereafter, the buyers tried to dominate by making a recovery but the price lacked momentum, which led to the formation of a parallel channel pattern. The coin has received a volume of $60.2 Million which is 9.72% less than the last day. The volume-to-market cap ratio for the stock is 7.61 indicating mild volatility in the market.&nbsp;</p> 
<p>EOS is a fast and flexible blockchain platform that enables developers to create their own smart contracts and applications. It has a powerful technology stack and a strong community that supports its vision. EOS is different from other blockchains because it has low latency, high performance, and programmable features.</p> 
<h2 class="wp-block-heading" id="strong-eos-price-formed-bearish-flag-pattern-over-the-daily-chart-strong"><strong>Eos Price Formed&nbsp; Bearish Flag Pattern Over The Daily Chart</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/7j3rAD3mUDmis5JVJTtk2u0YyorNspZ0LnvrtoBQ_Cy_zYNxWENrQfk7U5_7uNKd8oL7v93UR_fpzYPh_XotJpYdJjPuNw0LcGMlEKHiU42ePMPpouRfjgEhKELdGdh_GVfFPwk2rq-tbKDG0J1JJA" alt="Eos Price Prediction August 2023: Is The Downtrend Over Now?"> 
  <figcaption class="wp-element-caption">
    Source: EOS/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The EOS token is currently trading at $0.72 and surged 0.47% on the last day. The price has currently made a breakdown of the channel pattern indicating the dominance of the sellers at the upper levels.<br></p> 
<p>The short-term outlook of the coin indicates the current price trend to be indecisive as the price is forming several doji candles and the price is lacking sellers. Now, if the selling volume adds up, the price may decline to resume its long-term downtrend.</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-showing-mixed-sentiment-about-the-eos-price-trend-strong"><strong>Technical Indicators Showing Mixed Sentiment about the EOS Price Trend</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/IpZweupeHXB5pfFVCXaWGD_HANrGE5O_PZ-SnwxWukkOn4i06XuVx31-oP3egcfHr9MX9rlYzC7N9QpUzAmQ-7KTEqktGNyLD9bfkfnXT3YJyODuJbQCFKYiPP6k6jza9Hsx_lHXXXNNFZyErSIpNg" alt="Eos Price Prediction August 2023: Is The Downtrend Over Now?"> 
  <figcaption class="wp-element-caption">
    Source: EOS/USD By <a href="https://www.tradingview.com/x/E9ff22G1/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>MACD lines have made a bearish crossover. Also, histogram bars are being formed below the mean line showing a mild bearish sentiment in the market at press time.</p> 
<p>The EMA analysis suggests that the EOS price failed to sustain above the 50 EMA indicating a weakness in the short term. The price is already below the 200 EMA indicating a long-term weakness in the trend.</p> 
<p>At the time of publishing, the RSI value of the EOS token is 3.62 and that of the SMA line is 44.28. RSI is declining and suffering rejection from the SMA line indicating a bearish sentiment in the market.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/01/eos-crypto-price-prediction-aug-2023-will-eos-give-a-breakout/" target="_blank" rel="noopener noreferrer nofollow">EOS price prediction</a> concludes that the price has been in a long-term declining trend. The price tried a recovery forming a parallel channel pattern. recently,&nbsp; The EOS price broke down from the channel, indicating the sellers’ dominance. The volume is low and the volume-to-market cap ratio is 7.61, indicating mild volatility.&nbsp;</p> 
<p>The price is at $0.72 and rose 0.47% on the last day. The short-term outlook is uncertain as the price forms doji candles and lacks sellers. The price may resume its long-term downtrend if the selling volume increases.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $0.72 and $0.60.</li> 
 <li><strong>Resistance levels:</strong> $0.83 and $0.97.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Eos Price Prediction August 2023: Is The Downtrend Over Now?

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Thecoinrepublic.com

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