Contrary to other top and mid-ranked altcoins, EOS hasn’t been coping well with the consequences of the COVID-19 market collapse. The price of the 11th cryptocurrency did test the pre-crash level at $3.2 but was ultimately rejected to the long-standing support at $2.28, putting a halt on the aggressive bullish price action for the time being.
But presently, we see a small resurgence of the altcoin market that happens on the back of Bitcoin’s stagnation after the halving event and the sloping of BTC dominance. When it comes to EOS, the last seven days brought it the 12% appreciation of USD value and 10% in Bitcoin.
7-day EOS price action chart
Nevertheless, it is a weak performance on the part of a highly-ranked cryptocurrency with the underlying disruptive technology. Our EOS price analysis will tell whether the price would snap out of the state of catatonia and initiate a notable upswing or would it keep on ranging and eventually drops below the crucial level of support
The weekly EOS/USDT chart shows that the price has been lying nearly flat for two months which could mean the departure of buyers from this market or the accumulation of a large position by big players before an explosive move to the upside, presumably to $4, where they could start offloading it.
1-week EOS/USDT chart
On the weekly time frame, we have designated four important price action level around which we based the further EOS price prediction:
All major indicators hint that EOS has no intention of leaving the comfortable range between $2.28 and $2.83 any time soon. MACD has been literally lying flat for nearly two months, displaying no will to move in any direction. RSI is also stuck in the neutral zone, floating between 40 and 50, hence confirming the overall dullness of the market. Stochastic, on the other hand, has been distinctively bearish, having made the corresponding crossover on June 22, right after the price had tested the support once again.
On this time frame, the price action over the two weeks won’t be any different from what traders saw recently. There is still a chance for a quick long play - enter at $2.6 and exit at $2.8 - but that all EOS has to offer at the moment. Those who would be willing to wait a little longer could set the price target near $3, as it is likely to constitute another point of rejection come the time of another bull run.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 94% | 7 | $37 974.79 | 2.65% | 3.21% | $742 620 081 767 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 76% | 50 | $2 055.28 | 2.12% | 3.49% | $247 134 847 899 | ||
3 | ![]() |
Tether predictions | 91.2% | 1 | $1.000205 | 0.02% | -0.01% | $88 917 133 121 | ||
4 | ![]() |
Binance Coin predictions | 83.2% | 25 | $230.20 | 1.89% | -4.06% | $34 920 472 818 | ||
5 | ![]() |
XRP predictions | 74.4% | 42 | $0.611671 | 2.00% | 2.53% | $32 918 272 630 | ||
6 | ![]() |
Solana predictions | 59.2% | 87 | $58.20 | 6.66% | 8.25% | $24 645 476 442 | ||
7 | ![]() |
USD Coin predictions | 96% | 1 | $0.999716 | -0.02% | -0.02% | $24 482 991 365 | ||
8 | ![]() |
Cardano predictions | 71.6% | 62 | $0.385539 | 3.00% | 4.21% | $13 608 842 925 | ||
9 | ![]() |
Dogecoin predictions | 74.8% | 48 | $0.080387 | 3.60% | 7.77% | $11 416 474 493 | ||
10 | ![]() |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
11 | ![]() |
TRON predictions | 82.8% | 27 | $0.103195 | 0.78% | 6.00% | $9 138 361 208 | ||
12 | ![]() |
Wrapped TRON predictions | 84.4% | 30 | $0.103028 | 0.42% | 5.47% | $9 123 536 549 | ||
13 | ![]() |
Toncoin predictions | 81.6% | 31 | $2.42 | -0.45% | 3.16% | $8 314 438 840 | ||
14 | ![]() |
Chainlink predictions | 63.6% | 69 | $14.57 | 3.63% | 4.11% | $8 113 407 755 | ||
15 | ![]() |
Avalanche predictions | 58.8% | 86 | $20.64 | 2.41% | 0.41% | $7 534 681 892 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.