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It appears that a strong rise may be coming in the near future according to the analysis of the EOS Network graph.
The EOS Network has been trading below 1 dollar for a long time and went to a small correction after the last increase. Now, the EOS is broken the successive dips that formed on the 4-hour chart. After the break in EOS, our first resistance is at 0.75 dollars. Exceeding this resistance, significant gains can be achieved in the spot market. EOS may move slower than other cryptocurrencies, but it usually doesn’t have trouble reaching its targets. If our move is complete, we could see a rise towards 1.25 and 1.70 dollars band in EOS in order.
EOS is a cryptocurrency that provides a platform for blockchain applications. Like many other cryptocurrencies, it facilitates value transfer among users but also allows the creation of various applications by offering a user-friendly development environment. It uses a consensus mechanism called Delegated Proof of Stake (DPoS) and is notable for its fast transaction times.
For More Information What is EOS Coin? You Can Read Our Article!
MACD indicator is currently signaling buy in EOS and this situation can create a stronger buy signal on the daily chart. If MACD moves as expected on the daily chart – and there seems to be a trend in that direction – it may not take much time to reach our targeted levels.
EOS RSI indicator has come to the buy area and if it moves according to expectation, this could indicate that the rise will occur as expected.
EOS Market Data
Market Value: +1.34% – 776,804,375 dollars
Volume (24s): +1.28% – 94,329,027 dollars
Circulating Supply: 1,110,160,355 EOS
Total Supply: 1,110,160,355 EOS