In this EOS technical analysis, we will examine the current price action, trading volume, key levels and indicators for EOS-USDT. EOS is a blockchain-based operating system that enables the development of industrial-scale decentralized applications. With its high transaction throughput and flexible architecture, EOS has become a popular choice for developers looking to build scalable dApps. Additionally, EOS features a novel delegated proof-of-stake (DPoS) consensus algorithm that allows for faster and more energy-efficient transactions compared to traditional proof-of-work (PoW) algorithms.
EOS Price Overview:
As of December 05, 2023, EOS is trading at approximately 0.742 USDT. Let’s dive into the detailed price action for EOS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.718 |
| High (H) | 0.747 |
| Low (L) | 0.712 |
| Close (C) | 0.742 |
| Volume (C) | 12,498,048.10 |
- Open (O): The opening price for today’s trading session was approximately 0.718 USDT.
- High (H): EOS reached a daily high of around 0.747 USDT.
- Low (L): The daily low for EOS-USDT was approximately 0.712 USDT.
- Close (C): At the time of analysis, EOS is trading near its daily close of 0.742 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.34% |
| 3D Change (%) | 5.85% |
| 7D Change (%) | 9.44% |
| 30D Change (%) | 9.60% |
| 90D Change (%) | 27.71% |
| YTD Change (%) | -13.92% |
Over the past three days, EOSUSDT has increased by approximately 5.85%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 9.44%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with EOSUSDT maintaining an upward trend of approximately 9.60%, despite intermittent fluctuations. Examining the last 90 days, EOSUSDT has witnessed substantial rise of approximately 27.71%, reflecting strong long-term confidence. Year-to-date, EOSUSDT has steadily decreased by around -13.92%, 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-USDT 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 0.45994.
- Momentum score is 0.09601.
EOS USDT Technical Analysis
EOS Trading Volume:
The trading volume for EOS (EOS) over the past 24 hours has been significant, with approximately 12,498,048.10 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): EOS is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for EOS-USDT is currently in the high zone, around 60.67381. This suggests that EOS is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
EOS (EOS-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and significant trading volume are high signals for potential upward movement.
Anticipate potential growth for EOS (EOSUSDT) at 7.42e-01 USDT through positive technical analysis, emphasizing strong support and promising indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on EOS BTC EOS Technical Analysis if you found this post intriguing.
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.