EOS Price Prediction for Today, February 28: EOS/USD Touches New Daily High at $1.20
EOS price prediction shows that EOS kicked off its rally as the coin continues to spike higher to touch the $1.20 resistance.
EOS Price Prediction Statistics Data:
- EOS price now – $1.17
- EOS market cap – $1.2 billion
- EOS circulating supply – 1 billion
- EOS total supply – 1 billion
- EOS Coinmarketcap ranking – #41
EOS/USD Market
Key Levels:
Resistance levels: $1.30, $1.35, $1.40
Support levels: $1.00, $0.95, $0.90
EOS/USD had a significant boost that allowed the coin to exceed the $1.20 level, this momentum extending considerably as crypto continues to climb higher within the channel. However, the current performance of the coin indicates the addition of an upward movement. It’s just a matter of time before this coin reaches a $1.25 level in the nearest term.
EOS Price Prediction: What to Expect from EOS
In the last few days, the EOS price has moved from $1.12 to $1.20 and at the same time moved to cross above the upper boundary of the channel. Moreover, the ongoing trend may move a little bit higher before the sellers step into the market, and the coin could reach the nearest resistance at $1.25. If the bulls put more effort, it could hit additional resistance levels at $1.30, $1.35, and $1.40 respectively.
On the contrary, a bearish drop may roll the market back below the 21-day moving average and also to the initial support level of $1.05. Meanwhile, the critical support levels could be found at $1.00, $0.95, and $0.90. Therefore, as the trading volume increases, the technical indicator Relative Strength Index (14) is seen moving to cross above the 60-level and this could still supply more bullish signals into the market.
Against Bitcoin, the EOS price is still trading near the upper boundary of the channel above the 9-day and 21-day moving averages. The price is changing hands at 499 SAT as the technical indicator Relative Strength Index (14) remains above the 50-level. Meanwhile, the daily chart reveals that buyers may continue to dominate the market as the market price seems to break above the channel.
Positively, the resistance level to be reached is 550 SAT and above. In other words, a lower sustainable move may cancel the bullish pattern and it could attract new sellers to the market with the next focus on 450 SAT and below.
EOS Alternatives
At the time of writing, the EOS price is having a bullish posture as the coin spikes above the 9-day and 21-day moving averages. However, if the bulls push the price above the upper boundary of the channel, EOS/USD could rise to hit the potential resistance level of $1.40 and above. Moreover, one of the key factors influencing the price of FGHT is the adoption and usage of the platform. As more users participate and earn rewards through the Fight Out token, demand for the token is likely to increase. This, in turn, could drive the price up. The presale is ongoing and time is running out. So far, the presale has raised almost $5 million.
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