Million

Resistance

Swing

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>EOS price suffered multiple rejections from upper trendline resistance.</a> </li> 
 <li> <span>2</span> <a>EOS crypto’s daily chart demonstrates a consolidation of more than 30 days.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Eos price struggles to hold above the $0.5 level.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>The EOS price prediction illustrates that the price shows a consolidation of over 30 days and struggles to hold above the $0.5 level. The consolidation occurs in the range with support at $0.51 and resistance at $0.64. EOS crypto has been on a steep downtrend for the last 6 months, losing more than half of its value in that period and falling 31% in the last 3 months.&nbsp;</p> 
<p>The EOS crypto daily chart demonstrates that the price has been closely following the 50-day EMA and declining; indicating the dominance of the bears in the short-term as well as long-term. EOS price is currently at $0.57, down 1.34% in intraday. The coin has a market cap of $638.33 Million and ranks 51st in the crypto market.</p> 
<p>The EOS Network is a Layer-1 blockchain that is fast and powerful, allowing developers to build what they envision with flexible architectures, versatile blockchain infrastructures, and custom smart contracts. What sets EOS apart is its technology stack and strong community.</p> 
<h2 class="wp-block-heading" id="strong-eos-price-consolidating-after-forming-a-new-swing-low-strong"><strong>Eos Price Consolidating After Forming a New Swing Low</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-605.png" alt="EOS Price Prediction 2023: Can EOS Crypto Skip Consolidation?" class="wp-image-169780" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-605.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-605-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-605-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-605-750x350.png 750w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <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 <a href="https://www.thecoinrepublic.com/2023/09/18/pepe-price-prediction-does-pepe-have-potential-to-gain-100/" rel="noopener noreferrer nofollow">EOS token</a> is currently trading at $0.57 with an intraday loss of 1.19%. The daily chart shows that the sellers dominated the overall trend. Currently, the price shows neutrality over the charts and consolidates at the lower levels.<br><br>The breakdown of the consolidation may add more selling volume and the price might decline to lower levels.<br><br>The breakout of consolidation and upper trendline resistance may show optimism in the price trend and the buyers may try to take over the trend.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-shows-mixed-sentiment-about-the-eos-price-trend-strong"><strong>Technical Indicators Shows Mixed Sentiment about the EOS Price Trend</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-603-1024x478.png" alt="EOS Price Prediction 2023: Can EOS Crypto Skip Consolidation?" class="wp-image-169770" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-603-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-603-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-603-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-603-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-603-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-603-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-603.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <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 bullish crossover indicating the bulls are accumulating at the support levels and the price may show a hike. However, histogram bars are being formed of negligible height indicating neutrality in the trend.&nbsp;</p> 
<p>The EMA analysis suggests that the <a href="https://www.thecoinrepublic.com/2023/09/18/pepe-price-prediction-does-pepe-have-potential-to-gain-100/" rel="noopener noreferrer nofollow">EOS price</a> suffered multiple rejections from the 50-day EMA indicating the dominance of sellers at the upper levels.&nbsp;</p> 
<p>At the time of publishing, the RSI value of the EOS token is 45.8 and that of the SMA line is 38.6. RSI is trying to recover after entering an oversold region.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The EOS price is in a downtrend and consolidates between $0.51 and $0.64. The price follows the 50-day EMA and declines, showing the bears’ control. EOS price is at $0.57, down 1.34% in intraday. The coin has a market cap of $638.33 Million and ranks 51st in the crypto market. The price may break out or break down from consolidation, depending on the volume and sentiment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $0.511 and $0.42</li> 
 <li><strong>Resistance levels:</strong> $0.729 and $0.849</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 2023: Can EOS Crypto Skip Consolidation?

Table of Contents

Thecoinrepublic.com

Egyéb ezen a dátumon (2023. szept. 21.) megosztott cikkek

$1M Raised and Counting – Investors are Hoarding this Presale Token for 10X Returns this Month

Republican Presidential Candidate Vivek Ramaswamy Drafts Ambitious Crypto Policy Framework in Bid...

TECNO set to unveil Phantom V Flip 5G -A device perfect for style and pocket

Cryptography in Cryptocurrencies: A Simplified Guide – Part 1

Here’s What’s in Store for XRP, Chainlink and One Low-Cap Altcoin, According to Analyst

FTT price jumps 8% as Binance announces FTT/USDT trading pair

Join our free newsletter for daily crypto updates!