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

The EOS price forecast breaks above the USD 0.80 resistance level while the coin is targeting the USD 0.85 resistance level.

EOS prediction statistics:

• EOS price now – $0.048
• EOS market cap – $843.6 million
• EOS circulating supply – 1.1 billion
• Total supply of EOS – 1.1 billion
• EOS Coinmarketcap Ranking – #74

EOS/USD market

Key Levels:

Resistance levels: $0.95, $1.00, $1.05

Support levels: $0.65, $0.60, $0.55

EOS/USD is seen refreshingly towards a new high as the coin moves towards the upper limit of the channel. However, any further bullish move could create additional profits above the channel’s upper limit. Meanwhile, the seller may try to return to the market as selling pressure increases, but the bulls are likely to make more from the price declines.

EOS Price Prediction: EOS price may continue to rise

EOS price can only maintain the uptrend if the newly touched support level of $0.83 is maintained at all costs. At this point, the 9-day moving average could continue to rise above the 21-day moving average by creating more bullish signals in the market as this could encourage more buyers to enter the market.

On the contrary, if the 9-day MA crosses below the 21-day MA, the coin may slide south, but any bullish move above the channel could reach the resistance levels of $0.95, $1.00 and $1.05 respectively. Therefore, if the current market value falls below the 9 and 21 day moving averages, a quick bearish decline could occur that could push the market down to the $0.65, $0.60, and $0.55 support levels.

EOS/BTC is consolidating above the moving averages

Relative to Bitcoin, EOS price is currently headed north but has yet to cross the upper limit of the channel. Meanwhile, the technical indicator confirms the bullish move as the 9-day MA crosses the 21-day MA.

According to the daily chart, the potential resistance level could be at 2200 SAT and above if the bulls increase the pressure. On the contrary, a sustainable move lower could likely negate the bullish pattern and this could attract new sellers entering the market with the next focus on the support level of 1600 SAT and below.

Alternatives to EOS

At the time of writing, bullish momentum is influencing EOS price action, with a modest increase seen for the coin. However, there is a possibility that the coin experiences an upside spike if the bulls extend the bullish move, and a breakout above the 9-day and 21-day moving averages could push it towards the upper limit of the channel.

However, when comparing EOS and Bitcoin Minetrix ($BTCMTX), EOS currently holds the 74th position in the crypto market with a significant market cap of $850 million, while $BTCMTX has already raised an impressive amount of almost $5.5 million in its ongoing pre-sale. . Despite EOS’ larger market capitalization, the emphasis on the substantial funds raised during the $BTCMTX pre-sale suggests that this new token has greater growth potential, making it an attractive investment opportunity for buyers looking for promising assets in the dynamic cryptocurrency -market.

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