EOS price has been ranging on a sideways trend for some days now. The trend is still on today. The demand areas of the range are at $6.5, $5.5, $6.0 while the supply areas of the range are at $4.0, $4.5, and $5.0. During yesterday’s trading session, the price of EOS got all the way to the $5.35 level before it found resistance. This morning, EOS was moving toward the $5.19 level on the downtrend. If the decline continues, the price will be back into the rang bound zone it traded in previously.
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EOS Price Today – EOS / USD
If EOS is able to hold above the $5.00 level, however, it will continue to move sideways in range above it. The signal line and the MACD line are above the zero line while the 12 and 26 day EMAs are below the price showing that the bulls are gaining momentum in the market. Even with these bullish signals, the price is still on a sideways trend and this is obvious by the relative strength index period 14 that is in 52.
EOS Price Against The USD Now
At the time of writing, EOS was trading at $5.22. This indicates a 2.33% rise against the USD and a 1.39% rise against Bitcoin. The cryptocurrency is trading in green short-term but there is no guarantee that the trend will last for long. The price reached a high of $5.35 before attempting a correction that brought it down to the $5. 22 level against the USD.
The short-term EMAs (12 & 24) are below the price showing that the rise will continue for now. The trading volume within a 24 hour period is $626,377,187 while the total market capitalization is $4,726,497,239. The short-term signal and MACD lines are above the zero line and this is a clear buy signal. The next few days of trading will determine if the price action will change or not.