EOS USDT EOS Technical Analysis

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By Frans van Elst

EOS logo 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 May 12, 2024, EOS is trading at approximately 0.7828 USDT. Let’s dive into the detailed price action for EOS-USDT:

Follow potential bearish trend for EOS (EOSUSDT) at 7.83e-01 USDT with technical analysis, indicating cautionary indicators and weakened support.

Metric Value
Open (O) 0.7817
High (H) 0.7909
Low (L) 0.7787
Close (C) 0.7828
Volume (C) 3,821,227.60
  • Open (O): The opening price for today’s trading session was approximately 0.7817 USDT.
  • High (H): EOS reached a daily high of around 0.7909 USDT.
  • Low (L): The daily low for EOS-USDT was approximately 0.7787 USDT.
  • Close (C): At the time of analysis, EOS is trading near its daily close of 0.7828 USDT.
Metric Value
1D Change (%) 0.15%
3D Change (%) -4.26%
7D Change (%) -4.83%
30D Change (%) -16.38%
90D Change (%) 3.96%
YTD Change (%) -7.36%

Over the past three days, EOSUSDT has dropped by approximately -4.26%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.83%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with EOSUSDT maintaining a downward trend of approximately -16.38%, despite intermittent fluctuations. Examining the last 90 days, EOSUSDT has witnessed substantial rise of approximately 3.96%, reflecting strong long-term confidence. Year-to-date, EOSUSDT has steadily dropped by around -7.36%, 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 0.42126.
  • Momentum score is -0.03584.

EOS USDT Technical Analysis

EOS Trading Volume:

The trading volume for EOS (EOS) over the past 24 hours has been insignificant, with approximately 3,821,227.60 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 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-USDT is currently in the low zone, around 44.92468. This suggests that EOS is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

EOS (EOS-USDT) is currently exhibiting signs of short-term bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.

Follow potential bearish trend for EOS (EOSUSDT) at 7.83e-01 USDT with technical analysis, indicating cautionary indicators and weakened support.

Discover even more by checking out our comprehensive analysis on EOS BTC EOS Technical Analysis — a perfect 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.

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