EOS price analyis: Star of the day has some more shine left

Biggest gainer of the day.
Intra-day chart suggest there's room for more upside.

Manoj B Rawal Independent Analyst

EOS is biggest gainer of the day among all the major cryptocurrencies after losing some ground through this week as the crypto loses some ground after printing new all time highs, the only crypto to do so after the sell-off this year.

EOS/USD up more than 6 percent on day at $18.216, but has lost more than 20 percent from all time highs of $23.029 printed on last Sunday. A close look at the 15-minute intra day chart suggests the gains of the day could extend some more as the penant pattern is in the making and a breakout could lead to further gains for this crypto.

Immediate resistances in the way of this crypto's upmove now stand around $18.64 and $19.47 levels while supports are placed around $17.60 and $15.92 levels.

EOS/USD 15-minute chart:

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.