- Bullish EOS price prediction for 2023 is $1.251 to $1.872.
- EOS (EOS) price might reach $2 soon.
- Bearish EOS price prediction for 2023 is $0.611.
In EOS (EOS) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about EOS to analyze the future movement of the cryptocurrency.
EOS (EOS) Current Market Status
| Current Price | $2.22 |
| 24 – Hour Trading Volume | $44,108,191 |
| 24 – Hour Price Change | 1.6% down |
| Circulating Supply | 1,087,531,555 |
| All – Time High | $22.89 (On Apr 29, 2018) |
What is EOS (EOS)?
EOS is the native cryptocurrency of the EOS.IO. EOS.IO is a blockchain-based decentralized operating system that was launched in June 2018. The network was founded by Block.one, a software firm.
EOS (Electro-Operating System) network enables users and developers to create and launch dApps via the smart contracts on the blockchain. The transactions on the EOS.IO blockchain are secured by the delegated proof-of-stake (DPoS) consensus that incorporates Byzantine Fault Tolerance (BFT).
The EOS ICO which took place in 2017 and 2018 over an 11-month time span is recorded as one of the biggest token sales. EOS grants its holders access to the bandwidth and storage of EOS.IO.
EOS (EOS) Price Prediction 2023
EOS (EOS) ranks 42nd on CoinMarketCap in terms of its market capitalization. The overview of the EOS price prediction for 2023 is explained below with a daily time frame.
EOS/USDT Symmetric Trianlgel Pattern (Source: TradingView)
In the above chart, EOS (EOS) laid out a symmetric triangle pattern. The symmetric triangle chart pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline indicates the beginning of a new bearish trend. On other hand, a breakout from the upper trendline signal shows the beginning of a new bullish trend. Traders also use moving averages in conjunction with a symmetrical triangle chart pattern to trail their stop loss.
At the time of analysis, the price of EOS (EOS) was recorded at $1.20. If the pattern trend continues, then the price of EOS might reach the resistance levels of $1.252, $1.355, and $1.721. If the trend reverses, then the price of EOS may fall to the support of $1.066, & $0.953.
EOS (EOS) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of EOS (EOS) in 2023.
EOS/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of EOS (EOS) for 2023.
| Resistance Level 1 | $1.251 |
| Resistance Level 2 | $1.872 |
| Support Level 1 | $0.826 |
| Support Level 2 | $0.611 |
As per the above analysis, if EOS’s (EOS) bulls take the lead, then it might hit and break through its resistance level of $1.872.
Conversely, if EOS’s (EOS) bears dominate the trend, the price of EOS might plunge to $0.611.
EOS (EOS) Price Prediction 2023 — 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.
EOS/USDT RVOL, MA, RSI (Source: TradingView)
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders identify unusual trading activity and changes in market sentiment.
At the time of analysis, the RVOL of EOS (EOS) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the EOS price lies above 50 MA (short-term), indicating its uptrend. Hence, EOS is in a bullish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state.
Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.
At the time of analysis, the RSI of EOS is at 56.63. Therefore, this indicates EOS is in neither oversold nor overbought state. Also, this confirms that EOS sends out a buy signal.
EOS (EOS) Price Prediction 2023 — 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).
EOS/USDT ADX, RVI (Source: TradingView)
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of EOS lies in the range of 13.929 pointing out a weak trend.
The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of EOS lies above 50, indicating high volatility.
Comparison of EOS with BTC, ETH
Let us now compare the price movements of EOS (EOS) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs EOS Price Comparison (Source: TradingView)
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 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of EOS (EOS) between 2024 and 2030.
EOS (EOS) Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then EOS (EOS) might successfully test and surpass its resistance levels to hit $5 by 2024.
EOS (EOS) Price Prediction 2025
The significant upgrades in the EOS ecosystem might persuade the entry of an increased number of investors. This may eventually boost the EOS (EOS) price to reach $9 by 2025.
EOS (EOS) Price Prediction 2026
If EOS (EOS) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $14.
EOS (EOS) Price Prediction 2027
If EOS (EOS) sustains major resistance levels and stands as a better investment option in the market, then EOS would rally to hit $17.
EOS (EOS) Price Prediction 2028
If EOS (EOS) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then EOS will hit $23 by 2028.
EOS (EOS) Price Prediction 2029
If investors flock in and continue to place their bets on EOS (EOS), then the crypto would witness major spikes. Hence, EOS might hit $26 by 2029.
EOS (EOS) Price Prediction 2030
By 2030, the EOS price might rally to $30 if the trend momentum aligns in favor of EOS. Furthermore, EOS would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI.
Conclusion
If EOS (EOS) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish EOS (EOS) price prediction for 2023 is $1.872. Comparatively, the bearish EOS (EOS) price prediction for 2023 is $0.611.
If there is a positive elevation in the market momentum and investors’ sentiment, then EOS (EOS) might hit $2. 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.
FAQ
1. What is EOS (EOS)?
EOS is the native cryptocurrency of the EOS.IO. EOS.IO is a blockchain-based decentralized operating system that was launched in June 2018.
2. Where can you buy EOS (EOS)?
Traders can trade EOS (EOS) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, CoinW, and Bybit.
3. Will EOS (EOS) record a new ATH soon?
With the ongoing developments and upgrades within the EOS platform, EOS (EOS) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of EOS (EOS)?
EOS (EOS) hit its current all-time high (ATH) of $2.92 on December 27, 2021.
5. What is the lowest price of EOS (EOS)?
According to CoinMarketCap, EOS hit its all-time low (ATL) of $0.4802 on Oct 23, 2017.
6. Will EOS (EOS) hit $2?
If EOS (EOS) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
7. What will be the EOS (EOS) price by 2024?
EOS (EOS) price might reach $5 by 2024.
8. What will be the EOS (EOS) price by 2025?
EOS (EOS) price might reach $9 by 2025.
9. What will be the EOS (EOS) price by 2026?
EOS (EOS) price might reach $14 by 2026.
10. What will be the EOS (EOS) price by 2027?
EOS (EOS) price might reach $17 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
