|

EOS price analysis: Consolidation continues; buying time before hitting the roof again

  • Among the gainers, continues to buck the trend.
  • Short term consolidation, long term upmove intact.

EOS, being true to its colour of being different from the crowd, continues being so on Tuesday as well. While it continues to consolidate its gains of past few weeks and seemed to have broken down of an upward sloping channel on the short term charts, long term bullish trend has only been delayed for now.

EOS/USD is up more than a percent at $18.03, but is below its resistance line at $20 levels now and which was acting as a support earlier. Bulls, for now are in the holiday mood and its only a matter of time before they return back and take this crypto back to where it was - all time highs.

Immediate resistance now is around $19.00 which needs to cross before it tries hitting the earlier support, now resistance line of $20. Strong support stands around $17.

EOS/USD 240-minute chart:

Author

Manoj B Rawal

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.

More from Manoj B Rawal
Share:

Editor's Picks

XRP trades under pressure amid weak retail demand

XRP presses down on the 50-day EMA support as risk-averse sentiment spreads despite a positive start to 2026. XRP faces declining retail demand, as reflected in futures Open Interest, which has fallen to $4.15 billion.

Pi Network Price Forecast: PI holds key support as momentum coils

Pi Network (PI) trades close to $0.2100 at press time on Friday, stabilizing after a two-day decline of nearly 2%. The PI token's trading volume steadily declines, while a surge in social dominance suggests a potential spike in retail interest.

Crypto Today: Bitcoin, Ethereum, XRP risk further decline as market fear persists amid slowing demand

Bitcoin holds $90,000 but stays below the 50-day EMA as institutional demand wanes. Ethereum steadies above $3,000 but remains structurally weak due to ETF outflows. XRP ETFs resume inflows, but the price struggles to gain ground above key support.

Bitcoin Weekly Forecast: Early-2026 rally falters as BTC investors await key catalyst

Bitcoin is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds have recorded net outflows so far this week. 

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Early-2026 rally falters as BTC investors await key catalyst

Bitcoin (BTC) is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds (ETFs) have recorded net outflows so far this week.