In another technical analysis, Eosio is a blockchain platform that hosts and supports the creation of innovative decentralized applications and smart contracts. Eosio is a speedy, agile, and forward-looking ecosystem that helps developers, investors, and businesses to build new applications with confidence. EOS is the native token of this open-source protocol. Past Performance On March 26, 2021, EOS started trading at $3.70. As of April 1, 2021, the closing price of EOS was $5.59. Thus, in the past week, the EOS price has surged by approximately 51%. In the last 24 hours, EOS has traded between $4.72-$5.98. https://ift.tt/3fAN2HC Days-Ahead and Tomorrow Currently, EOS is trading at $5.51. The price has declined from the opening price of $5.60. Thus, the market went down. The A/D indicator is upward sloping. Thus, whale accumulations are higher than whale distributions. High buying activity will exert upward pressure on the EOS price. Thus, we can expect the EOS price to rise further. The MACD and signal lines are negative. However, a bullish crossover by the MACD line over the signal line has occurred. Moreover, both the lines are very close to the zero line and may change signs soon. Hence, a trend reversal may be on the anvil. Hence, we may expect the price to rise after a brief price pullback. Presently, the RSI indicator is at 51%. It faced rejection at 54% and fell to this level. Thus, selling pressures are high and hence we can expect a price dip. EOS Technical Analysis As per technical analysis, it is currently above the Fibonacci pivot point of $5.43. As we have got mixed signals from various oscillators, we can expect the price to fall below the pivot point for some time before resuming its upward journey. The price has tested and fallen below the 23.6% FIB retracement level of $5.68. The price may soon test and fall below the 38.2% FIB retracement level of $5.50. If by day close, the price retests and breaks out of these levels, we can be assured that the bull-run will continue tomorrow as well.
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