EOS Price Analysis – July 13
EOS/USD is being attacked by the bears just as many of the coins in the crypto market.
Resistance levels: $2.8 $2.9 $3.0
Support levels: $2.3, $2.2, $2.1
EOS/USD sudden drop disappointed the traders as the market continued with a downtrend today. However, a slight improvement has been felt as the coins changed and turned green earlier today before reverting back to the negative side.
At the moment, the coin is changing hands at $2.53 where it faces down. More so, if the price of EOS rises again and breaks the $2.6 resistance level, the coin may continue its upward movement to cross above the channel. More so, the nearest resistance levels to reach are $2.8, $2.9, and $3.0 while the support levels lie at $2.3, $2.2, and $2.1 respectively giving a bearish signal as the RSI (14) moves below 50-level.
Against Bitcoin, the price is moving below the 9-day moving average with a bearish candle trying to move towards the 21-day moving average within the channel. The technical indicator RSI (14) is seen moving towards the south which is giving more bearish signals into the market. Further bearish movement may surface as the support levels to watch are 250SAT and 240 SAT.
However, if the bulls hijack the price and move it in an upward trend, they could push the coin to the resistance level of 300 SAT and above. The bulls may have to gather enough momentum to be able to push the price to the north. Nonetheless, the trading volume is confirming the bearish movement at the time of writing.