EOS Price Analysis – September 26
After the coin dropped slightly for the past few days, EOS/USD shows a remarkable improvement today.
Resistance levels: $3.0, $3.2, $3.4
Support levels: $2.0, $1.8, $1.6
EOS/USD had a terrific week. There are some days when the coin was falling. 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 is seen trading upwards and moving towards the 9-day moving average.
What to Expect from EOS
As for now, the coin is changing hands at $2.57 where it faces up. However, if the price of EOS continue the upward movement and break above the 9-day and 21-day moving averages, the coin may hit the nearest resistance levels at $3.0, $3.2, and $3.4 while the support levels to watch out for are $2.0, $1.8, and $1.6 respectively giving a low trading volume as the technical indicator RSI (14) moves above the 40-level to create more bullish signals.
EOS/BTC Market: Consolidating to the Downside
When compares with Bitcoin, EOS is trading below the 9-day and 21-day moving averages but with a bullish candle. The RSI (14) moves towards the downtrend which may likely halt the bullish movement of the coin. A possible drop may surface once the technical indicator crosses into the oversold region, and further movement may likely hit the critical support levels at 205 SAT and 195 SAT respectively.
Moreover, the bulls need to energize and strengthen the market for upward movement. If this happens, then they may easily push the price to the resistance level of 270 SAT and above. More so, the trading volume is currently supporting the bullish movement and may climb higher as soon as the technical indicator crosses above the 40-level.