EOS Price Analysis – July 22
EOS has not been able to fetch any significant growth over the last 24 hours, and the loss percentage in this period stands at 0.53%.
Resistance levels: $2.8 $2.9 $3.0
Support levels: $2.45, $2.35, $2.25
Today, the bulls could not sustain the price above the $2.63 resistance level because of bearish pressure. Some few days ago, the bears had a field day as they took the price from consolidation to breaking one support level after the other, still trading above the 9-day and 21-day moving averages.
However, the coin is consolidating below the channel around $2.60. The market may go up if it bounces above the channel to face the resistance levels of $2.8, $2.9, and $3.0. In other words, EOS/USD may sink if the bears break below the moving averages and the price could fall to the next support levels of $2.45, $2.35, and $2.25. Meanwhile, the daily stochastic RSI is moving above 50-level which means that the coin may follow a bearish momentum.
Recently, EOS/BTC crossed above the 9-day and 21-day moving average with a strong bullish candle and has since been trading above the moving averages. As the RSI (14) moves below 55-level, the coin is seen following the downtrend; 265 SAT and 260 SAT support levels are in view.
Meanwhile, a bullish movement above the channel could bring the EOS price to the resistance level of 290 SAT and above. More so, breaking the mentioned resistance levels may push the price to the new high of the month which may likely send the coin into a bullish zone. Nonetheless, the trading volume still confirms the bearish movement.