EOS Price Prediction for Today, December 18 – EOS Technical Analysis

The EOS value prediction is seen breaking above the $0.80 resistance stage because the coin focuses on the $0.85 resistance stage.

EOS Prediction Statistics Knowledge:

EOS value now – $0.048
EOS market cap – $843.6 million
EOS circulating provide – 1.1 billion
EOS complete provide – 1.1 billion
EOS Coinmarketcap rating – #74

EOS/USD Market

Key Ranges:

Resistance ranges: $0.95, $1.00, $1.05

Assist ranges: $0.65, $0.60, $0.55

EOS/USD is seen refreshing to a brand new excessive because the coin strikes towards the higher boundary of the channel. Nevertheless, any additional bullish motion might create extra beneficial properties above the higher boundary of the channel. In the meantime, the vendor might try and return to the market if the promoting strain will increase, however the bulls are more likely to gather extra on the value dips.

EOS Worth Prediction: EOS Worth Could Proceed to Push Increased

The EOS value can solely keep the uptrend if the newly touched $0.83 help stage is maintained in any respect prices. For the time being, the 9-day transferring common might proceed to maneuver above the 21-day transferring common by creating extra bullish alerts out there as this might encourage extra consumers to enter the market.

Quite the opposite, if the 9-day MA crosses beneath the 21-day MA, the coin might slide to the south, however any bullish motion above the channel might hit the resistance ranges at $0.95, $1.00, and $1.05 respectively. Due to this fact, if the present market worth slides beneath the 9-day and 21-day transferring averages, there could also be a fast bearish drop which might roll the market right down to the help ranges of $0.65, $0.60, and $0.55.

EOS/BTC Consolidates Above the Transferring Averages

In opposition to Bitcoin, the EOS value is presently going through the north however has but to cross above the higher boundary of the channel. In the meantime, the technical indicator confirms the bullish motion because the 9-day MA crosses above the 21-day MA.

In response to the each day chart, if the bulls enhance the strain, the potential resistance stage may very well be positioned at 2200 SAT and above. Quite the opposite, a decrease sustainable transfer might probably cancel the bullish sample and this might appeal to new sellers coming into the market with the following concentrate on the help stage of 1600 SAT and beneath.

Options to EOS

As of the present writing, bullish momentum is influencing the value motion of EOS, with a modest uptick noticed for the coin. Nevertheless, there’s a potential for the coin to expertise an upward spike if the bulls enhance the bullish motion, and a breakout above the 9-day and 21-day transferring averages might propel it towards the higher boundary of the channel.

Nevertheless, in evaluating EOS and the Bitcoin Minetrix ($BTCMTX), EOS presently holds the 74th place within the crypto market with a large market cap of $850 million, whereas $BTCMTX has already raised a powerful sum of almost $5.5 million in its ongoing presale. Regardless of EOS’s bigger market cap, the emphasis on the substantial funds raised through the presale of $BTCMTX means that this new token holds higher development potential, making it an attractive funding alternative for consumers in search of promising property within the dynamic cryptocurrency market.

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