EOS Crypto Price Forecast: EOS Price Targets September 2023?

• 1 EOS crypto price decreased by -5.98% in the last seven days.
• 2 EOS crypto price is currently trading at $0.5558 with a drop of 1.62% in the last 24 hours.

EOS price prediction indicates that the EOS crypto may see further depreciation in its value within the next few weeks. Presently, the EOS price is down by 5.98% over the past seven days. According to the price action, it is facing bearish pressure.

Currently, the bears are in charge of the trend where they are maintaining firm command over the price action as the bulls attempt to take control. Despite the bullish optimism, the buyers were unable to break above the 50-day EMA, and bears regained supremacy over the price action on the 1-day chart.

EOS crypto is trading under the key exponential moving averages within the bears’ grasp. The price is facing resistance from the 50 EMA currently on the daily timeframe. The price is facing substantial selling pressure in the supply zone which indicates that bears may push its value down in the near future.

The technical indicators suggest that bears hold the edge over the price action. The price pattern, oscillators, EMAs, and volume are moving in tandem, giving similar signals.

At the time of writing, EOS is trading at $0.5558 with an intraday gain of 1.68%. Moreover, the trading 24-hour volume is 251.178K and the last 10 days’ average trading volume is $181.454K.

Technical Analysis of EOS Crypto Price in 1-D Timeframe

Source: EOS.1D.USD by TradingView

At the time of publishing, EOS crypto is trading above the 50 and 200-day SMAs (Simple moving averages), which are supporting the price trend.

However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the EOS price is expected to move downwards giving bearish views over the daily time frame chart.

The current value of RSI is 36.32 points. The 14 SMA is above the median line at 36.32 points which indicates that the EOS crypto is bearish.

The MACD line at -0.0229 and the signal line at -0.0232 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the EOS crypto price.

Summary

EOS technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the EOS crypto price. EOS price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. The current scenario requires traders and investors to be patient and look for a clear break below or above the range before making any moves and avoid the fear of missing out to minimize losses.

Technical Levels

• Support Levels: $0.4785 and $0.3686
• Resistance Levels: $0.6172 and $0.7271

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions

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