EOS price prediction for today, December 18 – EOS technical analysis

As the coin focuses on the $0.85 resistance level, the EOS price prediction looks to break above the $0.80 resistance level.

EOS prediction statistical data:

• Current EOS price – $0.048
• EOS market capitalization – $843.6 million
• EOS Circulating Supply – 1.1 billion
• EOS total supply – 1.1 billion
• EOS CoinMarketCap Ranking – 74th

EOS/USD Market

Main level:

Resistance levels: $0.95, $1.00, $1.05

Support levels: $0.65, $0.60, $0.55

EOS/USD appears to be hitting new highs as the coin moves towards the upper boundary of the channel. However, further upside may lead to further upside above the upper boundary of the channel. Meanwhile, as selling pressure increases, sellers may try to return to the market, but as prices fall, bulls are likely to raise more money.

EOS Price Prediction: EOS Price Could Continue Rising

EOS price can maintain its upward trend only if the newly touched $0.83 support level is maintained at all costs. The current 9-day moving average could continue to surpass the 21-day moving average, creating more bullish signals for the market. This is because it can encourage more buyers to enter the market.

Conversely, if the 9-day moving average crosses below the 21-day moving average, the coin may slide south, but a bullish move above the channel could hit resistance levels of $0.95, $1.00, and $1.05 respectively. So, if the current market value falls below the 9-day and 21-day moving averages, there could be a quick bearish pullback that could take the market down to the support levels of $0.65, $0.60, and $0.55.

EOS/BTC is consolidating above the moving average.

Relative to Bitcoin, EOS price is currently heading north, but has not yet crossed the channel upper limit. Meanwhile, technical indicators confirm the bullish move as the 9-day moving average crosses above the 21-day moving average.

According to the daily chart, if the bulls increase the pressure, potential resistance levels could be located above 2200 SAT. Conversely, a sustainable move lower is likely to result in a cancellation of the bullish pattern, which could attract new sellers entering the market with the next focus on support levels below 1600 SAT.

Alternatives to EOS

At the time of writing, bullish momentum is influencing the price action of EOS, with the coin showing a moderate upward trend. However, if the bulls increase their bullish movement, the coin is likely to experience a bullish surge, and a break above the 9- and 21-day moving averages could push the coin towards the upper boundary of the channel.

However, comparing EOS and Bitcoin Minetrix ($BTCMTX), EOS currently ranks 74th in the cryptocurrency market with a respectable market capitalization of $850 million, while $BTCMTX is already worth nearly $5.5 million in the ongoing pre-sale. An impressive amount of money was raised. . Despite EOS’s larger market cap, the emphasis on the significant funds raised during the $BTCMTX pre-sale suggests that this new token has greater growth potential, making it an attractive investment for buyers looking for promising assets in the dynamic cryptocurrency market. It’s an opportunity.

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