EOS Price Prediction — Will EOS Hit $7 Soon?

EOS Price Prediction — Will EOS Hit $7 Soon?
EOS Price Prediction — Will EOS Hit $7 Soon?

  • Bullish EOS price prediction is $3.065 to $6.800.
  • The EOS price will also reach $7 soon.
  • EOS’s bearish market price prediction for 2022 is $2.052.

In EOS’s (EOS) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about EOS to analyze the future movement of the cryptocurrency. 

EOS Current Market Status

According to CoinGecko, the price of EOS is $2.49 with a 24-hour trading volume of $317,084,969 at the time of writing. However, EOS has increased nearly 2.4% in the last 24 hours.

Moreover, EOS has a circulating supply of 983,288,390 EOS. Currently, EOS trades in cryptocurrency exchanges such as Binance, OKX, CoinTiger, Bitget, and Mandala Exchange.

What is EOS (EOS)?

EOS is a platform that’s designed to allow developers to build apps (DApps). The main goal of EOS is to make it as straightforward as possible for programmers to embrace blockchain technology and make sure that the network is easier to use than rivals. EOS uses a delegated proof-of-stake consensus mechanism. In EOS, token holders have the ability to vote for block produces, as well as other matters such as protocol upgrades.

EOS (EOS) Price Prediction 2022

EOS holds the 57th position on CoinGecko right now. EOS price prediction 2022 is explained below with a weekly time frame.

EOS/USDT Horizontal Channel Trend (Source: Tradingview)

Horizontal channels are trendlines that connect variable pivot highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend. Horizontal channels are trendlines that connect variable pivot highs and lows. A horizontal channel provides traders with precise points for entering and exiting trades.

Currently, EOS is in the range of $2.49. If the pattern continues, the price of EOS might reach the resistance level of $8.350. If the trend reverses, then the price of EOS may fall to $1.950.

EOS (EOS) Support and Resistance Level

The below chart shows the support and resistance level of EOS.

    EOS/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of EOS.

Resistance Level 1 $3.065
Resistance Level 2 $4.147
Resistance Level 3 $5.504
Resistance Level 4 $6.800
Support Level $2.052
EOS Resistance & Support Level

The charts show that EOS has performed a bullish trend over the past month. If this trend continues, EOS might run along with the bulls overtaking its resistance level at $6.800.

Accordingly, if the investors turn against the crypto, the price of the EOS might plummet to almost $2.052, a bearish signal.

EOS Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of EOS is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of EOS lies below the cutoff line, indicating weaker participants in the current trend.

EOS/USDT RVOL, MA, RSI (Source: TradingView)

More so, the EOS’s Moving Average (MA) is shown in the chart above. Currently, EOS is in a bearish state. Notably, the EOS price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of EOS at any time.

Meanwhile, the relative strength index (RSI) of the EOS is at level 49.02. This means that EOS is in a nearly oversold state. However, this means a major price reversal of EOS may occur in the upcoming days. So, traders need to trade carefully. 

EOS Price Prediction 2022 — ADX, RVI

Let us now look at EOS’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

EOS/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of EOS. Currently, EOS lies in the range of 45.454, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of EOS. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of EOS lies above the 50 levels, indicating that the direction of volatility is high. In fact, EOS’s RSI is at 49.02 level thus confirming a potential sell signal.

Comparison of EOS with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and EOS.

BTC Vs ETH Vs EOS Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and EOS is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and EOS also increases or decreases respectively.

Conclusion

With continuous improvements in the EOS network, we can say that 2022 is a good year for EOS. For this reason, the bullish price prediction of EOS in 2022 is $6.800. On the other hand,  the bearish EOS price prediction for 2022 is $2.052.

Furthermore, with the advancements and upgrades on the EOS ecosystem, the performance of EOS would help to reach above its current all-time high (ATH) $22.71 very soon. But, it might also reach $7 if the investors believe that EOS is a good investment in 2022.

FAQ

1. What is EOS?

EOS is a platform that’s designed to allow developers to build apps (DApps). EOS uses a delegated proof-of-stake consensus mechanism.

2. Where can you purchase EOS?

EOS has listed on many crypto exchanges which include Binance, OKX, CoinTiger, Bitget, and Mandala Exchange.

3. Will EOS reach a new ATH soon?

With the ongoing developments and upgrades within the EOS platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of EOS?

On April 29, 2018, EOS reached its new all-time high (ATH) of  $22.71.

5. Is EOS a good investment in 2022?

EOS (EOS) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of EOS in the past few months, EOS is considered a good investment in 2022.

6. Can EOS (EOS) reach $7?

EOS (EOS) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then EOS (EOS) will hit $7 soon.

7. What will be the EOS price by 2023?

EOS (EOS) price is expected to reach $8.5 by 2023.

8. What will be the EOS price by 2024?

EOS (EOS) price is expected to reach $9.8 by 2024.

9. What will be the EOS price by 2025?

EOS (EOS) price is expected to reach $11.2 by 2025.

10. What will be the EOS price by 2026?

EOS (EOS) price is expected to reach $12 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

The post has appeared first on thenewscrypto.com

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