Cryptoknowmics
2022-07-23 09:23:52

EOS Technical Analysis: Increased Demand Boosts EOS Prices by 15%

The EOS prices showcase a reversal from the 50-day SMA and the $1 mark resulting in a 20% as the buyers prepare to crack the $1.25 level. Key Technical Points: The EOS prices jumped by 11.35% within the last 72 hours. The market price reverses from the 50-day SMA and attempts to reach the $1.50 mark. The 24-hour trading volume of EOS is $488 million, indicating a hike of 147%. Past Performance of EOS The US price charged displays a consolidation range formed between $0.85 and $1, after the $1.20 fallout in early June. However, the recent bullish reversal breaks above the consolidation range and the 50-day SMA resulting in the formation of a support trendline. The bull run accounts for a 30% price jump in the last ten days and approaches the $1.25 resistance level. Source – Tradingview EOS Technical Analysis Yesterday, the bullish reversal in EOS prices from the support confluence of the 50-Day SMA and the support trendline accounted for a 20% jump. Moreover, the market value sustaining above the 50-day SMA projects a potential uptrend to the next 100-day SMA at $1.5. The RSI and MACD indicator supports the possibility of a bull run to $1.5 as they display an increase in buying pressure. The RSI slope displays a gradual increase over the last two weeks resulting in a spike to the overbought boundary. Moreover, the fast and slow lines in the MACD indicator show an increase in the bullish spread as they maintain an uptrend in pos...

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约