Crypto

Evmos Price Analysis: When Will EVMOS Crypto Resist Its Bearish Rally?

  • Evmos price tried to reach sustainability below the symmetric triangle pattern on the hourly chart.
  • The EVMOS crypto has fallen below the daily moving average of 20, 50, 100 and 200 days.
  • The EVMOS/BTC pair is at 0.0001178 BTC with an intraday decline of 6.72%.

On the hourly price chart, the price of the EVMOS coin is moving sharply lower. Following a test of the $3.34 resistance level, the token began its bearish rise. The $3.34 resistance level for the EVMOS cryptocurrency was repeatedly broken because the bulls could not hold and as a result, EVMOS rallied lower. To stay at the current price, EVMOS needs to find new customers and strive to keep the bullish trend of the coin alive. EVMOS investors should watch for a big comeback and any change in direction on the hourly chart.

The estimated current price of EVMOS is $2.09, while the previous day, its market value fell by 8.05%. However, trading volume slowly increased by 11.35% during the intraday trading session. This demonstrates that the EVMOS coin market is not working as expected, even though buyers are attracted to it, and the accumulation rate needs to be increased.

On the hourly price chart, the price of the EVMOS coin is moving sharply lower. To reverse the trend of the EVMOS coin, the token must attract buyers. In the meantime, the change in volume is less than normal and should increase. Bulls on EVMOS must accelerate accumulation to prevent the token from falling.

Technical indicators point to EVMOS being overbought

The decreasing speed of the EVMOS cryptocurrency is illustrated by technical indicators. The relative force index shows the downward movement of the EVMOS part. The RSI is turning inside the overbought zone at 22, which is 22. The negative momentum of the EVMOS coin can be seen on the MACD. Waiting to move to the positive side, the MACD line is located below the signal line. Investors in EVMOS need to keep an eye on the hourly chart for any trend changes.

Conclusion

On the hourly price chart, the price of the EVMOS coin is moving sharply lower. Following a test of the $3.34 resistance level, the token began its bearish rise. The $3.34 resistance level for the EVMOS cryptocurrency was repeatedly broken because the bulls could not hold and as a result, EVMOS rallied lower. To stay at the current price, EVMOS needs to find new customers and strive to keep the bullish trend of the coin alive. In the meantime, the change in volume is less than normal and should increase. Bulls on EVMOS must accelerate accumulation to prevent the token from falling. The MACD line is below the signal line and is waiting to cross over to the positive side. Investors in EVMOS should watch the hourly chart for any changes in direction.

Technical levels

Support levels: $2.00 and $1.95

Resistance levels: $2.50 and $3.00

Disclaimer

The views and opinions expressed by the author, or anyone named in this article, are for informational purposes only, and they do not constitute financial, investment or other advice. Investing in or trading crypto assets involves the risk of financial loss.

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#Evmos #Price #Analysis #EVMOS #Crypto #Resist #Bearish #Rally #Crypto

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