EOS has entered a consolidation phase in the past few trading sessions but is expected to rise above its local high of $ 5.5 in the medium term. ATOM, on the other hand, climbed another record in the charts, with in-chain measurements supporting a bullish scenario.

 

 

EOS price analysis

EOS moves on this border after the bulls leave the $ 5 level to the bears. As the RSI settles around the 50 level, it reflects the balance between both directions. As a negative sign, 24-hour trading volumes contracted by more than 10%, while buying activity in the market remained suppressed.

However, the bulls of the market can keep the price above the $ 4.5 mark, considering the strength of the crypto market. Moreover, according to the MACD histogram, the bearish momentum is on the decline. EOS is likely to rise above $ 5.5 by the end of the current consolidation period.

Cosmos (ATOM) price analysis

With an increase of more than 20% in the last 24 hours, Cosmos climbed above the $ 25 level and broke a record in the charts. The RSI signaled further bullishness as the index has not yet peaked in the overbought zone and the $ 30 level is definitely a possibility.

It will be interesting to watch the Awesome Oscillator over the next few sessions, as the falling twin peak setup could signal a potential retracement on the charts. In the case of a correction, the support levels are $ 21.2 and $ 19.7.

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