Resistance

April

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The price of EOS is trading at the price of $0.7374. However, the crypto’s price declined by -1.28% in the last 24 hours.</a> </li> 
 <li> <span>2</span> <a>The EOS price observed a decrease of 0.94% in the last 7 days.</a> </li> 
 <li> <span>3</span> <a>The market capitalization of EOS is $809.988 Million.</a> </li> 
</ul> 
<p>EOS crypto price stopped while on a downtrend and moved upward by forming a higher high structure. However, it already broke the 50-moving average and retested it. Now, its main challenge is the 200-day moving average.</p> 
<p>The current market sentiment is unclear. The volume on the charts is not significant right now. The price has been rejected by the resistance line and is holding on to the 50 MA.</p> 
<p>The crypto’s next move will depend on whether it can break above or fall below the 200-day moving average. EOS trading volume for 24 hours is $85.69 Million and the last 10 days’ average volume is 103.117K. Moreover, the volume has been dropping steadily since April this year.</p> 
<p>The outlook is uncertain at the moment. However, the price fell by -31.57% last week, showing that EOS does not performed well in recent months. EOS lost 96.55% of its value in 5 years from its all-time high of $22.71.</p> 
<h2 class="wp-block-heading" id="strong-eos-crypto-price-technical-analysis-strong"><strong>EOS Crypto Price Technical Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/0awfcLsH8NYj48bbcGN3x4t6IVWzXOqUHtbKx-xVD8wubkresaCz2XbKwvepqbjRKHv6ktWKZktHMBiya9yRqrs8cH3pJgGIxND5vksNl-CQ84b1LllEe8Ot2AlqylZqOKUencRmsKoAGU9GDF5faEQ" alt="EOS Crypto Price Prediction AUG 2023: Will EOS Give a Breakout?"> 
  <figcaption class="wp-element-caption">
    Source: EOS/US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>EOS price has been trapped between the 50 and 200 MAs with a bearish crossover that indicates the dominance of sellers in the market. If sellers keep pushing the market lower, EOS could face more losses and enter a downtrend.</p> 
<p>The RSI line is heading toward the overbought zone. The RSI line is at 45.79. The 14 SMA has a value of 50.69 points. However,<a href="https://www.thecoinrepublic.com/2023/07/15/eos-crypto-price-prediction-july-2023-will-eos-give-a-breakout/" target="_blank" rel="noopener noreferrer nofollow"> the EOS price</a> could increase significantly if it breaks out of this channel pattern.</p> 
<p>Currently, MACD is showing bullish signs. The MACD line at -0.002 and signal line at 0.0026 are above the zero line, meaning that the MACD is in positive territory and is giving bullish signs.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>EOS crypto price stopped its downtrend and moved upwards by making a higher high pattern. However, it broke the 50-moving average and retested it and now faces the 200-day MA. The price movement implies that the investors have to wait for a proper setup for the next move. EOS’s price is in neutral territory at the moment. Moreover, the EMA, RSI, and MACD are giving bullish signals about EOS crypto. The current situation requires traders and investors to be patient and look for a clear break below or above the range before making any moves in the future.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support – </strong>The current support level is $0.6965..</li> 
</ul> 
<ul> 
 <li><strong>Resistance –</strong>The current resistance level is $0.8380.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.</p>

EOS Crypto Price Prediction AUG 2023: Will EOS Give a Breakout?

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