EVMOS Price Analysis: EVMOS Close to Record its New All-time High 

• The Evmos coin is outperforming after reversing from August bottom. 
• EVMOS price stays above the 20 and 50 day moving averages in 4-hours chart.
• The EVMOS coin linked to the Bitcoin pair is higher by 7.4% at 0.0001589 Satoshis. 

The EVMOS coin seems bullish for the past few days. The EVMOS coin against the USDT pair is trading higher above each previous swing low day by day. Bulls often accumulated EVMOS coins in dip in the context of daily price scale.

Over the daily chart, bulls breached the $2.8 bullish hurdle this week. As a result, altcoin is trading higher by 14.5% so far this week. After reversing from August bottom, token has been making strong bullish candles for the seven weeks, in fact, this bullish trend is aiming for a more upside rally in upcoming days. 

Source: EVMOS/USDT by Tradingview 

Amidst the ongoing bullish momentum, the buyers have pushed the asset price higher to its yearly high of $3.37, which is acting as a bullish barrier. In addition. There is an important support level of $2.2 for the next trading session. If buyers break this bullish barrier, the next target will be $4.8 area according to the 1.618 Fibonacci retracement level.

Meanwhile, the market cap of EVMOS Crypto has risen by 3.6% in the last 24 hours. Meanwhile, the price is trading above the 20 and 50 day moving averages on the 4-hours chart. Furthermore, the EVMOS coin belonging to the bitcoin pair is up 7.4% at 0.0001589 satoshis.

Technical Bias is Bullish

Source: EVMOS/USDT by Tradingview 

On the daily chart, the RSI indicator is forming above the semi-line, which suggests a slight upward trend for EVMOS coins. Similarly, the MACD indicator is moving in positive territory.

Conclusion

After seven strong weekends so far, EVMOS price is nearing its annual high. Technical indicators such as the RSI, MACD and DMA are showing an upward move above the $3.4 resistance level.

Support level – $2.2 and 1.0

Resistance level – $3.5 and $5.0

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 financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Source