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

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

EOS Prediction Statistics Knowledge:

EOS worth now – $0.048
EOS market cap – $843.6 million
EOS circulating provide – 1.1 billion
EOS whole 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 further good points above the higher boundary of the channel. In the meantime, the vendor might try to return to the market if the promoting stress will increase, however the bulls are more likely to acquire extra on the value dips.

EOS Worth Prediction: EOS Worth Could Proceed to Push Increased

The EOS worth can solely preserve the uptrend if the newly touched $0.83 assist degree is maintained in any respect prices. In the meanwhile, the 9-day shifting common might proceed to maneuver above the 21-day shifting 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 shifting averages, there could also be a fast bearish drop which might roll the market right down to the assist ranges of $0.65, $0.60, and $0.55.

EOS/BTC Consolidates Above the Transferring Averages

In opposition to Bitcoin, the EOS worth is at present 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 accordance with the day by day chart, if the bulls improve the stress, the potential resistance degree may very well be positioned at 2200 SAT and above. Quite the opposite, a decrease sustainable transfer might seemingly cancel the bullish sample and this might entice new sellers coming into the market with the following concentrate on the assist degree 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 improve the bullish motion, and a breakout above the 9-day and 21-day shifting averages might propel it towards the higher boundary of the channel.

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

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