$ 19,690.45
$ 1,327.76
$ 1.00
$ 0.429177
$ 0.461249
$ 1.00
$ 0.00031

EOS Rallies Stall at $5.09 as It Consolidates Above $4.6

EOS Rallies Stall at $5.09 as It Consolidates Above $4.6

EOS Key Highlights

  • EOS fluctuates between $4.60 and $5.09 as it consolidates above $4.6
  • EOS price pauses as buyers and sellers reach a period of indecision
  • EOS reaches overbought region as sellers emerge

EOS Current Statistics As It Consolidates Above $4.6

The current price: $4.76
Market Capitalization:$4,887,036,545
Trading Volume: $1,962,292,577
Major supply zones: $4.4, $4.6, $4.8
Major demand zones: $3.6, $3.4, $3.2

EOS Price Long-Term Prediction: Bullish

EOS has been in a smooth uptrend since July 20 as it consolidates above $4.6. For the past 48 hours, the uptrend is facing rejection on the upside. Yesterday, the bulls pushed the altcoin to the high of $5.1 but faced rejection. The recent high attracted sellers who pushed prices down. The bulls have earlier pushed the altcoin to the overbought region of the market. The uptrend is expected to resume depending on the extent of the retracement.

The uptrend will resume when prices retrace and find support above moving averages. Today, the retracement has found support above the 21-day SMA. If the current support holds, EOS/USD will commence the resumption of an upward move. On the upside, if the bulls break the resistance at $5.1, the crypto will rally above $5.5. Conversely, if the bears break below the moving average, EOS will further decline to the low of $4.4 or $4.2.

EOS Rallies Stall at $5.09 as It Consolidates Above $4.6
EOS/USD – Daily Chart

EOS Indicator Analysis

Despite the earlier retracement to the 21-day SMA support, the altcoin is at level 68 of the Relative Strength Index period 14. The crypto is still trading in the overbought region of the market. The coin is certainly likely to fall as sellers emerge. Similarly, it is below the 80% range of the daily stochastic. EOS is in a bearish momentum.

What Is the Next Move for EOS as It Consolidates Above $4.6

The altcoin upward move has been stalled at the high of $5.09 as it consolidates above $4.6. Yesterday, buyers pushed the EOS price to the recent high but were repelled. Today, the altcoin has fallen and it is in a sideways move between $4.6 and $5.10. A breakout or breakdown will determine the direction of the market.

EOS/ USD – 4 Hour Chart

Also Read: EOS Surges to $4.58 High as More Upsides Likely

Note: 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.

Also read:

Related News

XRP Price Analysis: XRP Bullish Following Recent Update from the SEC Case

XRP was and continues to be one of the biggest cryptocurrencies in the market. When looking at its price and experts’ analysis, XRP has not yet fulfilled its full potential. One of the primary reasons for this is the SEC lawsuit against XRP, arguing that the latter is a security. Despite the fact that there may not be any truth in the accusation, this has heavily impacted the price of

Read More »
Ethereum Price Analysis - 8th September 2022

Ethereum Price Analysis: ETH Rises With Ethereum Merge

The queen of cryptocurrency, Ethereum, is going through the biggest change of its history. Ethereum price analysis reveals that the queen saw a sharp fall on the 6th of September following the king Bitcoin, only to stabilize and rise up quickly. While the king took a sweet while to rise past the $19,000. Ethereum price fell down to the $15,00 mark on the 7th of September only to quickly rise

Read More »
Bitcoin price analysis - 7th September 2022

Bitcoin Price Analysis: BTC stabilizes after fear fall

Bitcoin price analysis reveals that the king of cryptocurrency is facing a sharp drop after a 1996 BTC whale movement, $125 million in liquidation, and massive fear of BTC drop driven by the reports of a possible clamp down on the cryptocurrency in the United States. Reports of a venture capital $500 million liquidation became a cause for concern coupled with the rumors of a drop-down to the $15,000 to

Read More »

My Coins

$ 19,690.453.2%
$ 1,327.763.76%
$ 1.000.06%
usd-coinUSD Coin
$ 1.000.21%

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]