EOS’s market has noted some decline, with the possibility of pushing the price of crypto slightly south to $ 2.6.
While Basic Attention Token broke out of a range supported by significant trading volume, Dogecoin was in a phase of consolidation and was trading sideways on the charts without strong momentum.
EOS price analysis
The RSI fluctuated just below the neutral 50 value, failed to rise above and is likely indicative of a bearish trend. The price, more importantly, recently turned the $ 2.73 level to support and attempted a rise towards the next resistance level of $ 3.
This session (cyan) saw the bulls in the market raise prices up to $ 2.93, but the bears stepped in and lowered the price to test the $ 2.6 support. This highlighted the lack of upward power.
The assets in the market are once again preparing for an uptrend. EOS can be expected to slowly drop to $ 2.6 once again. If it doesn’t stay as support, the price could drop to $ 2.44 in the coming days.
On the other hand, Arca CIO Jeff Dorman tweeted that EOS could be kept low in value due to huge BTC assets.
Basic Attention Token (BAT) price analysis
The range between $ 0.27 and $ 0.2 is the range in which BAT has traded since the end of November. It was seen on the 6-hour charts that BAT was heading towards an exit above this range.
The MACD formed a bullish trend and moved above zero to highlight the bullish momentum. However, the $ 0.292 mark continued to be a hurdle on the bulls’ side, and BAT can be expected to halt its price increase.
Dogecoin (DOGE) price analysis
After its explosive move from $ 0.0045 to $ 0.01, DOGE has spent the past few weeks in a consolidation phase.
Using the high and low swing of this phase for DOGE and Gann’s eight rules, some potential support and resistance levels (yellow) can be shown in the graphs.
The Awesome Oscillator shows a definite lack of momentum for DOGE in both directions.