The price of EOS is trading in range against the USD and against Bitcoin. Medium-term, the support zones are at $3.5, $4.5, $4.0 and demand zones at $6.0, $5.5 and $5.0. The price entered into the bullish territory yesterday but the range bound zone acted as resistance around $5.0 and $4.0. After falling as low as $4.72, EOS was able to rise to $5.0. The price has managed to leave the range bound territory it was trading in previously and started approaching a $5.11 high.
EOS Price Today – EOS / USD
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From the price chart, EOS will most likely hover above $5.0 for the rest of today. The signal line and the MACD line are above line zero. This is a clear sell signal. Also, EOS price is below the 26 and the 12 day EMA to show that the price is bearish against the USD and against Bitcoin. The period 15 relative strength index is in level 49. This shows that there is a sideways trend in the market.
EOS Short-term Price Analysis
From the 1-hour price chart, EOS is trending sideways. The price is also above the 26 and 12 day EMAs. This shows that the short-term trend is bullish and the price is going to keep rising for a while. The short-term 26 and 12 day EMAs are also below the price. This is another indication that the price is rising. There is a buy signal in the short-term trend indicated by the MACD and signal line that are above the zero line. This is according to the price analysis of Azeer M on Bitcoin Exchange Guide.
At the time of writing, EOS was trading at $5. This indicates a 4.99% increase against the USD and a 3.73% increase against Bitcoin. The trading volume within a 24 hour period is $615,271,931 while the market capitalization is $4,635,412,289. The next few trading sessions will determine if the price action will change.