EOS Price Analysis – April 23
EOS/USD has shown a remarkable improvement today as the coin touched the $2.75 level.
Resistance levels: $3.4, $3.5, $3.6
Support levels: $2.0, $1.9, $1.8
In the past few days, EOS/USD had a terrific movement. There are some days where the coin was seen falling and also we have seen the coin recovering. Some days also allowed the momentum of EOS to be stable as it made some traders experience the adventure of trading in the crypto market. Moreover, after everything, today, EOS/USD was seen trading upwards and moving above the 9-day and 21-day moving averages.
As for now, the coin is changing hands at $2.70 where it faces up. More so, if the price of EOS continues to rise and breaks the $3.0 resistance level, the coin may continue its upward movement to create a new high. More so, the nearest resistance levels to reach are $3.4, $3.5 and $3.6 while the support levels to watch for are $2.0, $1.9 and $1.8. However, the RSI (14) is seen moving towards 60-level to aids the bullish movement.
Against Bitcoin, the market price is now trading below the 9-day and 21-day moving averages within the descending channel. At the time of writing, EOS/BTC is trading at 360 SAT to continue the downward trend. Looking at the daily chart, one can easily note that the market is moving in sideways.
Moreover, EOS/BTC may experience a long-term surge in volatility as soon as the market moves below the moving averages. Looking at it from above, the nearest support levels lie at 320 SAT and beyond, should the price cross to the upside, the 320 SAT and above may provide resistance for the market. Meanwhile, the RSI (14) moves below 45-level as bullish signals may come to play.
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