EOS Price Analysis – June 17
EOS/USD is showing a remarkable improvement today after the coin dropped slightly in a couple of days ago.
Resistance levels: $2.8, $2.9, $3.0
Support levels: $2.3, $2.2, $2.1
The price of EOS is seen moving towards an upward formation after having a bullish session yesterday. In the last two days, the EOS/USD has increased from $2.4 to $2.6. The technical indicator RSI (14) is moving in the same direction, indicating a sideways movement.
However, if the EOS price tries to maintain its bullish trend, the bulls may reach the resistance level of $2.8, $2.9, and $3.0. But the price of the EOS should show a fluctuating movement along with the daily chart, which could return it to the support level of $2.3, $2.2 and $2.1 respectively.
Against Bitcoin, the coin is trading below the 9-day and 21-day moving averages as the technical indicator RSI (14) moves towards the north which may likely increase the bullish movement of the coin. A possible drop may surface once the price drops below the channel, and further movement could hit the critical support levels at 250 SAT and 230 SAT respectively.
However, the bulls may have to gather enough momentum to be able to push the price above the moving averages. If the bulls continue to move in an upward trend, they could hit the resistance level of 290 SAT and above. More so, the trading volume is coming up slowly and may start climbing higher as much as the technical indicator keeps the uptrend.
Please note: Cryptovibes.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.