EOS Price Prediction: Do you Need to Stay Bullish Over EOS Cryptocurrency?

• EOS price prediction suggests the strong uptrend momentum of EOS cryptocurrency over the daily price chart.
• EOS crypto has recovered above 20 and 50 EMA, now preparing to surpass the 100 and 200-days Daily Moving Average.
• The pair of EOS/BTC is at 0.00006078 BTC with an intraday drop of 0.03%.

EOS price prediction suggest the strong recovery rate of EOS cryptocurrency over the daily price chart. EOS cryptocurrency has successfully recovered above $1.00 but the token is still trading inside the long term consolidation phase and thriving to surge with utmost capacity towards the upper price range over the daily price chart. EOS investors need to see the recovery rate as the token is approaching the overbought territory as stated by Relative Strength Index. These baby steps may lead the token towards its recovery out of the long term consolidation phase which means bulls need to maintain the current accumulation rate for some more time.

EOS currently has an estimated price of $1.044, and its market value rose by 1.00% yesterday. However, trade volume decreased by 33.00% during the intraday trading session. This implies that vendors are preparing to allow EOS to drop to the lower price bracket.

Source: EOS/USD by TradingView

EOS price prediction confirms the recovery rate of the token over the daily price chart. However, sellers may approach at any moment now and may try to pull the token back towards the lower price range of the long term consolidation phase over the daily price chart. EOS cryptocurrency needs to maintain the accumulation rate during the intraday trading session. However, volume change can be seen below average and needs to grow for EOS to maintain the accumulation rate and its recovery.

When will the EOS Price be Overbought?

Source: EOS/USD by TradingView

EOS price prediction suggests the token’s uptrend momentum over the daily price chart. Technical indicators confirm the uptrend momentum of EOS cryptocurrency. Relative Strength Index showcases the uptrend momentum of EOS crypto. RSI is at 64 and is about to enter the overbought territory as soon as Monday’s trading day starts. MACD exhibits the rising momentum of EOS crypto. The MACD line is way ahead of the signal line after a positive crossover. Sellers market manipulation may lead the token to fall leaving the overbought territory.

Conclusion

EOS price predictions suggest the strong recovery rate of EOS cryptocurrency over the daily price chart. EOS cryptocurrency has successfully recovered above $1.00 but the token is still trading inside the long term consolidation phase and thriving to surge with utmost capacity towards the upper price range over the daily price chart. EOS investors need to see the recovery rate as the token is approaching the overbought territory as stated by Relative Strength Index. However, volume change can be seen below average and needs to grow for EOS to maintain the accumulation rate and its recovery. MACD exhibits the rising momentum of EOS crypto. The MACD line is way ahead of the signal line after a positive crossover.

Technical Levels

Support Levels: $0.90 and $0.80

Resistance Levels: $1.15 and $1.20

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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