EOS Bullish After Reaching Intraday Trading Peak of $2.52 After Month Long Low
To begin the weekend, EOS prices rose for a second consecutive session, reaching their highest level in over ten days. During the Saturday session, EOS/USD reached an intraday peak of $2.52 after trading at a low of $2.34 on Friday. EOS’s price has been this high since April 7, after moving away from the long-term support level earlier in the week. Based on the chart, the floor was at $2.20, which was reached after two weeks of declines that began at $3.17. Price strength has been rising since this low, which also saw the 14-day RSI hit a multi-month low of 36.34. Should this resistance point be broken, bulls may push price towards the $2.65 level.
WAVES/USD Crypto Price Predicted to Rise, Bulls to Buy Dip
On Saturday, WAVES was also up, as traders appear to have found a floor after a recent bearish run. In a similar fashion to EOS, WAVES prices have been battling a red wave since March 29, which is when the recent bear market in crypto markets started. During this run, WAVES has dropped to a bottom of $20 on Thursday, which is its lowest point in five weeks, and an area where bulls typically re-enter. WAVE/USD has risen to a high of $22.89 in today’s session, after beginning the day near the $20.57 level. The 14-day RSI shows that price strength has been consolidating for the past few days, as it sits at 35.70. This is the lowest level the RSI has tracked since February, and with prices being undoubtedly oversold, bulls may take advantage of this to buy recent dips.
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
