Key takeawaysIn 2024, EOS could reach a maximum price of $0.7644 and an average price of $0.6829.By
Key takeaways
EOS is a fully decentralized network that supports the development, hosting, and execution of large-scale decentralized applications (dApps), offering significant advantages in scalability and user experience. The cryptocurrency entered the crypto market in 2017 and has experienced a significant journey, including a record-breaking $4 billion Initial Coin Offering (ICO). Despite its initial promise as an “Ethereum killer,” it has faced various challenges impacting its market performance and reputation.
Can EOS reach $10 soon? Lets get into the EOS price prediction and technical analysis.
Overview
Cryptocurrency | EOS |
Token | EOS |
Price | $0.4969 |
Market Cap | $742,849,597 |
Trading Volume | $76,847,088 |
Circulating Supply | 1,500,277,118 |
All-time High | $22.89 Apr 29, 2018 |
All-time Low | $0.4802 Oct 23, 2017 |
24 High | $0.5265 |
24 Low | $0.494 |
EOS price prediction: Technical analysis
Metric | Value |
Price Prediction | $ 0.7644 |
Volatility | 13.10% |
50-Day SMA | $ 0.720754 |
14-Day RSI | 37.55 |
Sentiment | Bearish |
Fear & Greed Index | 50 (Neutral) |
Green Days | 13/30 (43%) |
200-Day SMA | $ 0.824531 |
EOS price analysis: EOS devalues to $0.4969 following a bearish takeover
TL;DR Breakdown
The daily as well as the hourly EOS price analysis for July 7, 2024, confirms a strong downtrend for the cryptocurrency. Although the buying pressure remained higher as compared to the selling pressure yesterday, today the bears have taken over. The selling activity is intensifying once again as the red candlestick confirms the decreasing momentum. Overall, the coin value has deteriorated to $0.4969, considering the rapid bearish turn in the last 24 hours.
EOS 1-day price chart: Downswing carries a coin value below the $0.499 margin
The daily EOS price analysis indicates a decreasing price movement for the cryptocurrency. A major bullish takeover was recorded yesterday, which earned a substantial recovery for the buyers. However, today the bears remained secure on the winning side once again. The EOS/USD value has receded to $0.4969 because of the intensifying bearish momentum. Side by side, the Moving Average (MA) indicator confirms the receding price movement. Its value has sunk to $0.5412 because of the bearish tide in the past week.
EOS/USD 1-day price chart, Source: TradingView
The volatility is on the expanding side, which is a negative hint for the coming market events. The upper end of the Bollinger bands indicator has thus shifted to $0.6213, indicating a high resistance point. Whereby, the lower end of the Bollinger bands indicator has moved down to a $0.496 low, suggesting support levels. The Relative Strength Index (RSI) indicator confirms the rapidly declining price movement in the past 24 hours. Its value has decreased to index 31.18, which is critically close to the oversold region.
EOS /USD 4-hour price chart: A bearish swing leads to a devaluation below $0.4969
The hourly EOS price analysis gives a bearish prediction for the cryptocurrency. The bears have been ruling the market quite persistently. The cryptocurrency has faced a massive loss during the day because of the aggravating selling pressure. Overall, the coin value has been reduced to $0.4969 amidst the ongoing downside. However, the moving average indicator shows an ascending curve on the four-hour price chart. Its value has spiked up to $0.512 because of the major turnover yesterday.
EOS/USD 4-hour price chart, Source: TradingView
The four-hour price chart confirms declining volatility, which is a bullish signal for the coming market events. The upper end of the Bollinger bands indicator has shifted to $0.537, which marks high resistance for the cryptocurrency. The lower Bollinger band dictates its value at $0.454, indicating stable support. The RSI graph displays a steep, bearish slope because of the latest downturn. Its value has moved down to index 39.61 amidst the growing bearish momentum.
EOS technical indicators: Levels and actionDaily simple moving average (SMA)
Period | Value | Action |
SMA 3 | $ 0.58015 | SELL |
SMA 5 | $ 0.573128 | SELL |
SMA 10 | $ 0.575756 | SELL |
SMA 21 | $ 0.60721 | SELL |
SMA 50 | $ 0.720754 | SELL |
SMA 100 | $ 0.80926 | SELL |
SMA 200 | $ 0.824531 | SELL |
Daily exponential moving average (EMA)
Period | Value | Action |
EMA 3 | $ 0.582002 | SELL |
EMA 5 | $ 0.580012 | SELL |
EMA 10 | $ 0.587422 | SELL |
EMA 21 | $ 0.62628 | SELL |
EMA 50 | $ 0.705044 | SELL |
EMA 100 | $ 0.767252 | SELL |
EMA 200 | $ 0.793693 | SELL |
What to expect from EOS price analysis
The daily as well as the hourly EOS price analysis confirms a highly bearish scenario regarding the ongoing market events. The bears have been on the winning side for the past 24 hours as a result of the aggravating selling pressure. Overall, the cryptocurrency value has depreciated below the $0.4969 marker because of the ongoing downtrend. If we discuss the four-hour price analysis, then it suggests a declining price movement as well.
Is EOS a good investment?
EOS has seen fewer green days in the last month. The coins price has decreased by 25% over the last year and 85% over the last three years. However, the circumstances can change, and a turn in the upper direction cannot be ruled out. In the latter part of this year (2024), a bullish rally may be expected, potentially pushing the AMP above $0.764.
Why is EOS down?
EOS is in consolidation, with bearish pressure weighing on its price action. The coin has been unable to break above the $0.4969 level, and bears have suppressed all efforts. EOS will remain down until it gathers sufficient support from the buyers side.
Will EOS Recover?
EOS is currently trading in its lower historical price envelope. The coin did enjoy some bullish action from late October 2023 until March 2024, but that was not a match for the price levels it had previously seen. Considering the current situation, it feels like the coins price will remain low for some time.
Will EOS reach $1?
EOSs immediate resistance level is at $0.59. In July, EOS is sweating to break this level. If the broader cryptocurrency market moves in a bullish direction, EOS may also follow the trend and is expected to reach the $1 level by the end of 2025 if everything remains favorable.
Will EOS reach $5?
EOS was last seen above the $5 level in November 2021. Since then, the EOS value has plummeted significantly; however, the coin is expected to surpass $5 again by the end of 2029.
Will EOS reach $10?
According to Cryptopolitan‘s price prediction, EOS may not achieve the $10 level in the next five years. It will take considerable time and significant growth in the coin’s market cap to reach $10, possibly by 2032.
Does EOS have a good long term Future?
According to The Motley Fool, a private financial and investing advice company based in Virginia, EOS is a “very risky choice.” The publication says that EOSs future is filled with uncertainty given the scandals and problems surrounding the EOS Foundation and Block. One blockchain company. However, the market speculates that EOS will reach above $6 by 2030, but the speculations can change at any time.
EOS recent new/opinion
Discover how the new #EOS staking program can boost your crypto portfolio!
Starting July 8th, the first of 250M $EOS enters the staking pool, introducing high-yield rewards. Built on new EOS tokenomics, this is your chance to grow with us!
— EOS Network Foundation (@EOSNetworkFDN) June 27, 2024
I am honoured to announce that the EOS Network has entrusted 5M $EOS from the newly created Middleware bucket to @greymass.
This funding, following the adoption of the New Tokenomics proposal, recognizes their extraordinary contributions since the networks inception, from the… https://t.co/s392NJMqy7 pic.twitter.com/Hj7iWvqhxM
— Yves La Rose (@BigBeardSamurai) June 7, 2024
EOS price prediction July 2024
EOS price prediction for July 2024 is a minimum value of $0.51 and an average price of $0.60. The price could reach a maximum of $0.69 during the month.
EOS price prediction | Potential low | Average price | Potential high |
EOS price prediction July 2024 | $0.51 | $0.60 | $0.69 |
EOS price prediction 2024
EOS price prediction for 2024 anticipates a minimum value of $0.6598 and an average price of $0.6829. The price could reach a maximum of $0.7644 during the year.
EOS price prediction | Potential low | Average price | Potential high |
EOS price prediction 2024 | $0.6598 | $0.6829 | $0.7644 |
EOS price prediction 2025-2030
Year | Minimum | Average | Maximum |
2025 | $0.9086 | $0.9360 | $1.14 |
2026 | $1.30 | $1.35 | $1.58 |
2027 | $1.99 | $2.05 | $2.29 |
2028 | $2.77 | $2.87 | $3.42 |
2029 | $3.98 | $4.09 | $4.95 |
2030 | $5.90 | $6.06 | $6.86 |
EOS price prediction 2025
The price of EOS is predicted to reach a minimum level of $0.9086in 2025. EOS can reach a maximum level of $1.14and an average price of $0.9360.
EOS price prediction 2026
EOS forecast for 2026 projects a minimum price target of $1.30, a maximum price of $1.58 and an average forecast price of $1.35.
EOS price forecast 2027
In 2027, the price of EOS is forecasted to be around a minimum value of $1.99. EOSs price can reach a maximum of $2.29 and an average trading value of $2.05.
EOS price prediction 2028
The average price of EOS is expected to reach a minimum level of $2.77 in 2028. The EOS price can reach a maximum level of $3.42 and an average price of $2.87.
EOS coin price prediction 2029
In 2029 the price of EOS is expected to reach a minimum price of $3.98. The EOS token can reach a maximum price of $4.95 and an average price of $4.09.
EOS price prediction 2030
EOS could reach a maximum price of $6.86 in 2030. Traders can expect a minimum price of $5.90 and an average forecast price of $6.06.
EOS market price prediction: Analysts OP price forecast
Firm | 2024 | 2025 |
Gov.Capital | $0.82 | $1.91 |
DigitCoinPrice | $1.81 | $2.09 |
Coindex | $0.7926 | $1.5906 |
Cryptopolitans EOS price prediction
Cryptopolitans EOS prediction for the remainder of 2024 projects a minimum price of $0.6598 and an average price of $0.6829. We expect EOS to reach a maximum price of $0.7644 during the year.
EOS historic price sentiment
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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