The cryptocurrency markets are booming with the announcement of new projects every other day. Today we are going to analyze the prices of the Altcoin EOS. The year 2021 has proven to be the biggest of the Alt-Seasons yet, as almost every currency hits its ATH.4
The majority of altcoin prices are known to follow Bitcoin’s lead in the crypto markets. Bitcoin revolves around the ATH levels, which helps many coins to be bullish.
Just because the markets are bullish, we cannot blindly take that for granted. We therefore present the EOS market analysis to you as follows.
Technical price analysis by EOS
According to CoinMarketCap, EOS was ranked 21st currency in terms of market capitalization. It has a cap of $ 7,148,500,192 with 952,301,469 EOS in circulation. The current market capitalization is estimated at USD 7.07 taking into account the LTP.
The 30 minute candlestick chart shows a consolidation pattern after the uptrend. The crypto markets have been bullish this year, which helped EOS hit ATH prices. However, the increase was phenomenal and at 10.72% was well above the ICO price.
Possible supports are at $ 6.6, $ 6.3 which can hold prices if the trend reverses and prices fall. The resistor is priced at $ 7. The RSI is at 60, which is a slightly bullish level. MACD is bullish as MA 12 and 26 are crossed over and bullish. The upper Bollinger Band is followed by the candle, an important step after consolidation.
EOS price hasn’t suffered from winning booking, which is a good sign that HODLers are in control. EOS was trading as low as $ 20 in 2018 but has not yet recovered from the decline.
Supports: $ 6.6, $ 6.3
Resistance: $ 7