Altcoins News
By Maheen Hernandez
1 / 13
EOS’s Struggles at $0.64 Resistance. EOS recently saw a 5.4% increase in 24-hour trading, positioning it as one of the…
2 / 13
Selling Pressure and Market Sentiment. One of the key indicators suggesting that EOS may remain below $0.
3 / 13
Long/Short Ratio and Potential Reversal. Another concerning factor for EOS is the high long/short ratio observed in recent trading activity.
4 / 13
Liquidation Heatmap and Bearish Sentiment. The 3-month liquidation heatmap further confirms that the $0.66-$0.
5 / 13
Conclusion. EOS’s price action indicates that it’s likely to remain below the $0.64 level in the near term.
6 / 13
EOS, a prominent altcoin in the cryptocurrency market, has been facing significant challenges in breaking through the $0.64 resistance level.
7 / 13
EOS recently saw a 5.4% increase in 24-hour trading, positioning it as one of the better-performing altcoins in the market with a sizable market cap.
8 / 13
One of the key indicators suggesting that EOS may remain below $0.64 is the heavy selling pressure observed in the market.
9 / 13
This heavy capital outflow aligns with the price action on the 1-day chart. Despite some short-term gains, the lack of buying pressure has kept EOS from overcoming resistance…
10 / 13
Another concerning factor for EOS is the high long/short ratio observed in recent trading activity. The ratio has shown that long positions make up 51.
11 / 13
Traders should be cautious of similar downward price action in the near future, particularly as the $0.64-$0.66 range remains a significant point of resistance.
12 / 13
The 3-month liquidation heatmap further confirms that the $0.66-$0.69 range could act as a "magnetic" zone for the price, attracting EOS higher temporarily.
13 / 13
Given the current market conditions, traders should prepare for the possibility of a range-bound market. EOS may find itself fluctuating between the $0.46 and $0.
The Currency Analytics
Want the full story?