EOS/USD Consolidates Above $1.20, Expecting a Bullish Rally

The EOS price prediction may experience a new higher high as its price moves toward the resistance level of $1.25.

EOS Prediction Statistics Data:

EOS price now – $1.18
EOS market cap – $1.28 billion
EOS circulating supply – 1 billion
EOS total supply – 1 billion
EOS Coinmarketcap ranking – #44

EOS/USD Market

Key Levels:

Resistance levels: $1.40, $1.50, $1.60

Support levels: $1.00, $0.90, $0.80

At the time of writing, the price movement is in the hand of bulls as a slight price increase is seen for EOS/USD. The coin is currently trading at $1.18, and a breakout above this point may drive the EOS price toward a higher level of $1.25. The EOS price is currently hovering above the 9-day and 21-day moving averages at the time of writing and this confirms that bulls are dominating the market.

EOS Price Prediction: EOS May Spike Above $1.30 Level

According to the daily chart, the EOS price needs to crack at $1.25 for good. Meanwhile, EOS/USD has pierced through the critical resistance level at $1.20 in the past few hours but has not been able to close above it. On the other hand, the coin may likely cross below moving averages which could send the price to $1.10, and breaking this barrier may bring it to the support levels of $1.00, $0.90, and $0.80 respectively.

However, the buyers need to make a sustainable move above $1.20 as soon as possible to resume the upward trend. Meanwhile, for the upside to gain traction, EOS/USD needs to regain ground above $1.30, while $1.40, $1.50, and $1.60 resistance levels are the ultimate aims for the bulls.

Against Bitcoin, the EOS price is crossing above the 9-day moving average as the technical indicator Relative Strength Index (14) moves to cross above 40-level. The price begins to slightly ascend, and it’s currently trading around 550 SAT.  Moreover, the EOS price is now contained within the channel as traders wait for bulls to hopefully push the price back above the 21-day moving average.

However, if the bulls increase and push the coin towards the upper boundary of the channel, traders can expect initial resistance at 500 SAT. Above this, higher resistance lies around 550 SAT and above. From the downside, if the sellers drag the market price below the lower boundary of the channel, it could hit the support at 300 SAT and below.

Alternatives to EOS

As the daily chart reveals, the EOS price touches the daily high at $1.20 today so that the coin can create additional high levels. However, it is likely for the coin to shoot to the upside as the technical indicator Relative Strength Index (14) moves to cross above the 60-level. Moreover, the new token LHINU is still doing great in the market as almost $2 million has been raised so far during the presale. As the presale comes to an end very soon, the price of the token is expected to increase once it goes live.

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