The EOS price prediction is seen breaking above the $0.80 resistance level as the coin focuses on the $0.85 resistance level.
EOS Prediction Statistics Data:
- EOS price now – $0.048
- EOS market cap – $843.6 million
- EOS circulating supply – 1.1 billion
- EOS total supply – 1.1 billion
- EOS Coinmarketcap ranking – #74
Resistance levels: $0.95, $1.00, $1.05
Support levels: $0.65, $0.60, $0.55
EOS/USD is seen refreshing to a new high as the coin moves toward the upper boundary of the channel. However, any further bullish movement may create additional gains above the upper boundary of the channel. Meanwhile, the seller may attempt to return to the market if the selling pressure increases, but the bulls are likely to collect more on the price dips.
EOS Price Prediction: EOS Price May Continue to Push Higher
The EOS price can only maintain the uptrend if the newly touched $0.83 support level is maintained at all costs. At the moment, the 9-day moving average may continue to move above the 21-day moving average by creating more bullish signals in the market as this could encourage more buyers to enter the market.
On the contrary, if the 9-day MA crosses below the 21-day MA, the coin may slide to the south, but any bullish movement above the channel could hit the resistance levels at $0.95, $1.00, and $1.05 respectively. Therefore, if the current market value slides below the 9-day and 21-day moving averages, there may be a quick bearish drop which could roll the market down to the support levels of $0.65, $0.60, and $0.55.
EOS/BTC Consolidates Above the Moving Averages
Against Bitcoin, the EOS price is currently facing the north but has yet to cross above the upper boundary of the channel. Meanwhile, the technical indicator confirms the bullish movement as the 9-day MA crosses above the 21-day MA.
According to the daily chart, if the bulls increase the pressure, the potential resistance level could be located at 2200 SAT and above. On the contrary, a lower sustainable move may likely cancel the bullish pattern and this could attract new sellers coming into the market with the next focus on the support level of 1600 SAT and below.
Alternatives to EOS
As of the current writing, bullish momentum is influencing the price action of EOS, with a modest uptick observed for the coin. However, there is a potential for the coin to experience an upward spike if the bulls increase the bullish movement, and a breakout above the 9-day and 21-day moving averages could propel it toward the upper boundary of the channel.
However, in comparing EOS and the Bitcoin Minetrix ($BTCMTX), EOS currently holds the 74th position in the crypto market with a sizable market cap of $850 million, while $BTCMTX has already raised an impressive sum of nearly $5.5 million in its ongoing presale. Despite EOS’s larger market cap, the emphasis on the substantial funds raised during the presale of $BTCMTX suggests that this new token holds greater growth potential, making it an enticing investment opportunity for buyers looking for promising assets in the dynamic cryptocurrency market.
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