EOS is a platform that’s designed to allow developers to build decentralized apps (otherwise known as DApps for short.)

The project’s goal is relatively simple: to make it as straightforward as possible for programmers to embrace blockchain technology — and ensure that the network is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps quickly.

Other priorities include delivering greater levels of scalability than other blockchains, some of which can only handle less than a dozen transactions per second.

EOS also aims to improve the experience for users and businesses. While the project tries to deliver greater security and less friction for consumers, it also vies to unlock flexibility and compliance for enterprises.

Let us see the technical analysis of EOS.
<h2><b>Past Performance of EOS</b></h2>
The EOS price today is $3.276 with a total trading volume of $1,079,711,943.00. EOS is up, 16.20 percent in the last 24 hours till December 6, 2021. The current ranking is #58, with a live market cap of $3,197,187,019.00. It has a circulating supply of 976,519,344 EOS coins. The highest closing price of EOS (EOS) in the current month of December was at a price of $4.30 and thus -81.09% under its all-time high of 29.04.2018 at $22.71.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/b/BLt8qFHN.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/BLt8qFHN/">https://www.tradingview.com/x/BLt8qFHN/</a>
<h2><b>EOS Technical Analysis</b></h2>
The current market trend for EOS is currently <a href="https://www.cryptoknowmics.com/news/eos-and-tron-trx-technical-analysis-bulls-are-not-out-of-the-woods/">bearish</a>. The last Doji Star indicator for a trend change was on November 30, 2021, at a price of $4.02. This indicator could be interpreted for an upwards trend change. The Doji Star indicates certainty or uncertainty in a trendline, suggesting a possible end to an uptrend or downtrend.

The <b>On-balance Volume</b> is at -22.195 million, which is decreasing as per the almost flatness of the current price compared to yesterday’s price.

<b>RSI</b> is at 31 percent in a slight upward direction. It shows

The MA trend and signal lines are diverging downwards with the slow line (signal line) above the faster line (MA line), showing there is no trend reversal happening. The price are on a lower spectrum.
<h2><b>Price Trends for the Day-Ahead and Tomorrow</b></h2>
The last high from November 25, 2021, at $4.30 was with -14.23 percent under the resistance of $5.01 and could not be broken through. Support is currently received by EOS price at the $3.82 support line and is holding with 12.38 percent above this. The currently quoted price is at $3.29 under the exponential moving average and can be considered a bearish signal. Both an important buy signal and sell signal pattern have been identified.

EOS Technical Analysis: From Green to Red Zone Soon, Expect Range Bound Trades

The last high from November 25, 2021 at $4.30 was with -14.23% under the resistance of $5.01 and could not be broken through. Support is currently received by EOS price at the $3.82 support line and is holding with 12.38% above this. The currently quoted price is at $3.29 under the exponential moving average and can be considered a bearish signal. Both an important buy signal and sell signal pattern have been identified. 

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

EOS Technical Analysis: From Green to Red Zone Soon, Expect Range Bound Trades

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