EOS Price Analysis – April 24
EOS has not been able to fetch any significant growth over the last few days, and the loss percentage in this period stands at 6.52%.
Resistance levels: $6.8, $7.8 $8.8
Support levels: $4.0, $3.0, $2.0
EOS/USD bulls could not sustain the price above the $5.59 resistance level because of bearish pressure. April 16 was the last day that the bulls fielded the day as they took the price from consolidation to breaking one resistance level after the other, currently trading below the 9-day and 21-day moving averages.
Where is EOS Price Going Next?
EOS/USD is sliding below the resistance level of $5.5. The market may go up if it bounces above the moving averages to face the resistance levels of $6.8, $7.8, and $8.8. In other words, EOS/USD may sink if the bears break below the lower boundary of the channel and the price may fall to the critical support levels of $4.0, $3.0, and $2.0. Meanwhile, the technical indicator RSI (14) is moving to cross below 40-level which means that the coin may continue to follow a bearish momentum.
EOS/BTC Market: Consolidating to the Downside
Against Bitcoin, the EOS price crosses below the 9-day and 21-day moving averages with a strong bearish candle and has since been trading below the moving averages. More so, as the RSI (14) moves below 40-level, the coin is seen following the downtrend; 85 SAT and 75 SAT support levels are in view.
However, a bullish movement above the moving averages could push the price to the resistance level of 125 SAT and above. Moreover, breaking the mentioned resistance levels may push the price to the new high of the month which may likely send the coin into a bullish zone. Nevertheless, the trading volume also confirms the bearish movement.