EOS Is Down by 11.49% as Tamadoge Increases

On Aug 19, 2022

The EOS price prediction shows that the coin heads to the south as it may likely reclaim the losses if the bulls step back.

EOS Prediction Statistics Data:

EOS price now – $1.3
EOS market cap – $1.3 billion
EOS circulating supply – 997.5 million
EOS total supply – 1 billion
EOS Coinmarketcap ranking – #40

EOS/USD Market

Key Levels:

Resistance levels: $1.8, $2.0, $2.2

Support levels: $1.0, $0.8, $0.6

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EOS/USD is moving down as bears are stepping back into the market. Presently, the crypto may slide below the 21-day moving average as the trend is bringing a bearish inclination. Looking at the technical indicator, the Relative Strength Index (14) nosedives below 60-level as the signal line heads to the south.

Would EOS Move Upward Like Tamadoge?

EOS may continue to face the downtrend, but the best bulls can do is to defend the support at $1.25 and focus on pushing the price towards the upper boundary of the channel. However, the coin is making an effort to push the price back to the upside, and it is also looking forward to reclaiming the ground past $1.45 in the next positive direction.

Meanwhile, with an increase in buying pressure, the price may break above the channel to hit the $1.5 resistance. While trading at this level, a bullish continuation could reach the resistance levels of $1.8, $2.0, and $2.2 respectively. However, if the coin decides to follow the negative side, a minimum swing could bring the price to a $1.2 support level. Exceeding this level could take the price to the support levels of $1.0, $0.8, and $0.6.

When compared with Bitcoin, the EOS price couldn’t cross above the upper boundary of the channel as the price heads to the negative side. According to the recent negative sign, the trend may likely follow the downtrend as soon as the buyers failed to push the price towards the upper boundary of the channel.

However, as the technical indicator Relative Strength Index (14) trades below the 70-level, any further downtrend below this level could lower the price to the support level of 55 SAT and below, once it moves out of this zone, the market price may likely begin an upward trend which could push the coin towards the resistance level of 70 SAT and above.

The Tamadoge team is celebrating the notable success of the presale by launching a $100,000 giveaway. There are multiple ways that people can participate in the prize pool. However, the requirement for those who want to participate in the prize pool is to hold a minimum of $100 worth of TAMA tokens on the day of the draw.

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