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The cryptocurrency markets are in full boom with the announcement of new projects every other day. Today we will analyse the prices of the Altcoin EOS. The year 2021 has proved to be the biggest of the Alt Seasons so far with almost every currency hitting their ATH.4
It is a known factor that the majority of the altcoin prices follow the lead of Bitcoin in the Crypto markets. Bitcoin is pivoting around the ATH levels, which is helping a lot of coins to be bullish.
Also, Just because the markets are bullish, we cannot blindly take it for granted. Hence we present to you the market analysis of EOS as follows.
Technical Price Analysis of EOS
EOS has been ranked as the 21st currency in terms of Market capitalization, according to CoinMarketCap. It boasts a $7,148,500,192 cap with 952,301,469 EOS in circulating supply. The current Market capitalization is estimated by considering the LTP of $7.07.
The 30 minutes candle chart shows a Consolidation pattern after bullish momentum. The crypto markets have been bullish this year, which helped EOS to reach ATH prices. But the rise has been phenomenal with a 10.72% it is performing well above its ICO price.
The possible supports are at $6.6, $6.3, which can hold the prices if there is a trend reversal and prices drop. The Resistance is offered at $7. The RSI stands at 60, which is a slightly bullish level. MACD is bullish as the MA 12 and 26 have crossed over and bullish. The upper Bollinger band is being followed by the candle, a major move after consolidation.
The price of EOS has not suffered from profit booking, which is a good sign of HODLers in control. EOS has previously traded as high as $20 in 2018 but has yet not recovered from the fall.
Supports: $6.6, $6.3