In this EOS technical analysis, we will examine the current price action, trading volume, key levels and indicators for EOS-BTC. EOS is a blockchain-based decentralized operating system that provides a platform for developers to build and deploy industrial-scale dApps. With its high transaction throughput and fast execution times, EOS has become a popular choice for businesses looking to leverage the power of blockchain technology. Additionally, EOS features a flexible and modular architecture that allows for customization and integration with other systems, making it an ideal solution for enterprise-level applications.
EOS Price Overview:
As of June 18, 2024, EOS is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for EOS-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 1,117,968.00 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): EOS reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for EOS-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, EOS is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -8.75% |
| 3D Change (%) | -15.50% |
| 7D Change (%) | -16.67% |
| 30D Change (%) | -28.57% |
| 90D Change (%) | -42.67% |
| YTD Change (%) | -57.75% |
Over the past three days, EOSBTC has dropped by approximately -15.50%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -16.67%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with EOSBTC maintaining a downward trend of approximately -28.57%, despite intermittent fluctuations. Examining the last 90 days, EOSBTC has witnessed substantial decline of approximately -42.67%, reflecting strong long-term confidence. Year-to-date, EOSBTC has steadily depreciated by around -57.75%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
EOS Live Chart:
You can access a live price chart for EOS-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.41907.
- Momentum score is -0.2845.
EOS BTC Technical Analysis
EOS Trading Volume:
The trading volume for EOS (EOS) over the past 24 hours has been significant, with approximately 1,117,968.00 BTC traded against EOS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): EOS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): EOS is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for EOS-BTC is currently in the extreme zone, around 28.01655. This suggests that EOS is in oversold territory.
Analysis from TradingView:
Our Key Takeaways:
EOS (EOS-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the extreme RSI and significant trading volume are extreme signals for potential reversal movement.
Acknowledge bearish outlook for EOS (EOSBTC) at 8.45e-06 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on EOS USDT EOS Technical Analysis; it’s a natural follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.