Connect with us

Cryptocurrency

EOS up $0.059, trading around $1.48

EOS trades at $1.48 after gaining $0.059 (4.12%).

EOS reached a significant high of $5.47 around 11 months ago but has lost 74% since then. EOS has a market cap of 1.48 billion with an average daily volume of 39.14 million.

EOS made an initial breakout above its 50 day Simple Moving Average at $1.44, a potential indicator of a newly emerging bullish phase. Despite this, EOS price action is currently oscillating around the $1.46 resistance level with prices moving above and below several times during the session.

Overall, looking at the technical analysis landscape, it seems EOS might continue pointing upwards in the short term.

Other markets are also showing gains as having closed the previous session at $0.355, Ripple is up 5.33% today to currently trade at around $0.374. Litecoin gained 3.39% and is now trading at $57.81. Bitcoin Cash gained 2.15% and is currently trading at $122.21.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Cryptocurrency

Is the bullish run coming to an end? LTC down to $54.35 (-1.73%)

LTC is range-bound between $53.5 and $55.3 today after shedding $0.955 and closing at $55.3 today.

  • Today's fall comes after a 3 day uptrend, during which LTC added 4.89% to its value

Litecoin made an initial break below its 21 day Simple Moving Average at $54.05, a possible indication of a forthcoming negative trend. LTC's upper Bollinger band is at $56.65 which indicates a further downward move may follow. In contrast, Litecoin could begin to recover as it approaches significant support, now 14 cents away from $54.21. Dipping below could be an indication that further losses are ahead.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts LTC to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the Litecoin is expected to attract significant bearish sentiment in the coming days.

In the meantime, negative performances are also seen in other markets, EOS is down to $1.17, losing $0.028, after closing at $1.2 in the preceding trading session. Dogecoin slumps 1.82% to trade around $0.065.

Positive performances can be seen by looking at other markets as having closed the previous session at $0.48, Ripple is up 3.39% today to currently trade at around $0.496.

Approximately 10 months ago, Litecoin reached a significant high of $277.93 but has struggled to hold onto its gains and declined 80.1% since then. LTC is currently trading with a market cap of 3.88 billion with an average daily volume of 43.36 million.

Continue Reading

Cryptocurrency

Ethereum ended the previous session at $1,362; currently trading at $1,329.66

ETH drops from $1,362 to $1,329.66, losing $32.34 (2.37%) today.

  • Today's fall comes after a 3 day uptrend, during which ETH added 4.14% to its value

ETH traded as high as $4,822 before shedding 61.25% lower over the past six months. Ether is currently trading with a market cap of 163.10 billion with an average daily volume of 1.88 billion.

Despite being in the red so far in the current trading session, Ethereum peaked above its 21 day Simple Moving Average around $1,357 — typically an early indicator of a new bullish trend beginning to emerge. Ethereum's lower Bollinger band is at $1,241.56, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. ETH could begin to recover as it approaches significant support, now 87 cents away from $1,330.53. Dipping below could be an indication that further losses are ahead.

Despite suffering losses in today's session, technical analysis is indicating that Ethereum will undergo a significant bounce in the immediate term.

In the meantime, negative performances are also seen in other markets, Dogecoin goes down 3.37% to trade around $0.064. EOS closed at $1.17 (down 2.88%). After ending today's session at $20,337, Bitcoin lost $336.52 and is trading around $20,000.

Continue Reading

Cryptocurrency

EOS ended the previous session at $1.2; currently trading at $1.19

EOS drops from $1.2 to $1.19, losing $0.015 (1.22%) today.

  • Today's losses are adding to a 4 day bearish run, during which EOS lost $0.024 of its value.

10 months ago EOS reached a significant high of $5.2 but has consequently lost 76.9% since then. EOS is currently trading with a market cap of 1.19 billion with an average daily volume of 26.58 million.

EOS made an initial break below its 5 day Simple Moving Average at $1.19, a possible indication of a forthcoming negative trend. In contrast, EOS could begin to recover as it approaches significant support, now 3 cents away from $1.16. Dipping below could be an indication that further losses are ahead.

Looking forward, EOS is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, Dogecoin is down $0.001 from the beginning of the session and now trades around $0.065. After ending today's session at $25.13, FTX Token lost $0.188 and is trading around $24.94. Polkadot closed at $6.43 (down 1.05%).

Continue Reading
Advertisement