In this EOS (EOS) price prediction 2024, 2025-2030, we will analyze the price patterns of EOS by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
EOS (EOS) Current Market Status
What is EOS (EOS)?
EOS is the native cryptocurrency of the EOS.IO blockchain, a decentralized operating system that launched in June 2018. The network was created by Block.one, a software company.
The EOS (Electro-Operating System) network allows users and developers to create and deploy decentralized applications (dApps) using smart contracts on the blockchain. Transactions on the EOS.IO blockchain are secured through a delegated proof-of-stake (DPoS) consensus mechanism that incorporates Byzantine Fault Tolerance (BFT).
The EOS initial coin offering (ICO), held from 2017 to 2018 over an 11-month period, is known as one of the largest token sales in history. EOS token holders gain access to the bandwidth and storage capabilities of the EOS.IO network.
Recently, the EOS Network successfully completed its Spring 1.0 upgrade, a hard fork that introduced 1-second transaction finality to the blockchain. On September 25, the EOS Network announced that the upgrade to Antelope Spring 1.0 represents a significant advancement for both the network and the wider cryptocurrency industry. With the implementation of the Savanna consensus algorithm, EOS now offers transaction finality that is 100 times faster than its previous version.
EOS (EOS) 24H Technicals
EOS (EOS) Price Prediction 2024
EOS (EOS) ranks 88th on CoinMarketCap in terms of its market capitalization. The overview of the EOS price prediction for 2024 is explained below with a daily time frame.
In the above chart, EOS (EOS) laid out a descending channel, also known as a falling channel, which is a bearish technical analysis pattern formed by two parallel downward-sloping trendlines. The upper trendline connects a series of high points, indicating resistance where the price struggles to rise above, while the lower trendline connects the lower points, acting as support.
This pattern suggests that sellers are in control, with the price consistently making lower highs and lower lows. Traders often look to sell near the upper trendline and buy near the lower trendline, as the price typically oscillates within this defined range. Overall, the descending channel helps traders identify potential shorting opportunities and assess market sentiment.
At the time of analysis, the price of EOS (EOS) was recorded at $0.04614. If the pattern trend continues, then the price of EOS might reach the resistance levels of $0.5580 and $1.1609. If the trend reverses, then the price of EOS may fall to the support of $0.4108.
EOS (EOS) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of EOS (EOS) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of EOS (EOS) for 2024.
EOS (EOS) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of EOS (EOS) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current EOS (EOS) market in 2024.
EOS (EOS) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of EOS (EOS) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of EOS (EOS).
Comparison of EOS with BTC, ETH
Let us now compare the price movements of EOS (EOS) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of EOS is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of EOS also increases or decreases respectively.
EOS (EOS) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of EOS (EOS) between 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion
If EOS (EOS) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish EOS (EOS) price prediction for 2024 is $0.8223. Comparatively, if unfavorable sentiment is triggered, the bearish EOS (EOS) price prediction for 2024 is $0.2874.
If the market momentum and investors’ sentiment positively elevate, then EOS (EOS) might hit $3. Furthermore, with future upgrades and advancements in the EOS ecosystem, EOS might surpass its current all-time high (ATH) of $22.89 and mark its new ATH.
This content was originally published by our partners at The News Crypto.