EOS Price Analysis – September 18
The EOS price is showing a remarkable improvement today as the coin begins a new upward movement.
Resistance levels: $6.0, $6.5, $7.0
Support levels: $4.5, $4.0, $3.5
EOS/USD is now moving towards an upward formation after having a bullish session since a few days ago. In the last few days, the EOS price has increased from $4.49 to touch a high of $5.5 resistance level. However, The EOS price is currently above the 9-day and 21-day moving averages. Meanwhile, the signal line of the technical indicator Relative Strength Index (14) is preparing to cross above the 60-level to indicate more bullish signals.
EOS Price Analysis: EOS Bulls May Bring More Upside
At the time of writing, the EOS price remains above the 9-day and 21-day moving averages. However, if EOS/USD maintains the bullish trend, the bulls could push the coin towards the resistance levels of $6.0, $6.5, and $7.0. But should in case the EOS drops below the 9-day and 21-day moving averages within the channel, which could return to support level at $2.3, $2.2, and $2.1 respectively.
EOS/BTC Market: Price Keeps Moving Sideways
Against Bitcoin, the coin is trading above 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. However, a possible drop may surface if the price drops below the moving averages, and further bearish movement may likely bring the coin to the critical support level of 100 SAT and below.
However, the bulls may continue to push the EOS price towards the upper boundary of the channel. Once this comes to focus, the price could hit the resistance level of 120 SAT and above. More so, the trading volume is coming up gradually and may start climbing higher in as much as the technical indicator keeps the uptrend.