Evmos Price Analysis: EVMOS Crypto Trading On The Rise, What About This Positive Deviation?

  • Evmos price is trading with bullish momentum and recovering on the hourly price chart.
  • The EVMOS crypto is currently trading at the 20 EMA and has recovered above the 50-, 100-, and 200-day daily moving average.
  • The EVMOS/BTC pair is at 0.0001278 BTC with an intraday decline of 0.17%.

EVMOS coin price is trading with strong bullish momentum on the hourly price chart. The token started its bullish rally after testing the $2.35 support level. The EVMOS crypto repeatedly fell from the resistance level at $2.75 as the bulls could not sustain and as a result, EVMOS rallied lower. However, EVMOS needs to acquire more buyers in order to sustain itself at the current level and should try to maintain the bullish momentum of the EVMOS coin. EVMOS investors should wait for a significant recovery and any direction change on the hourly chart.

The estimated current price of EVMOS is $2.55 and the previous day, its market capitalization climbed by 1.01%. However, during the intraday trading session, the trading volume increased slightly by 1.17%. This shows that although buyers are attracted to the EVMOS coin trade, it is not performing up to par and the accumulation rate needs to be increased.

EVMOS coin price is trading with a strong uptrend on the hourly price chart. The token must accumulate buyers in order to maintain the recovery rate of the EVMOS coin. During this time, the change in volume can be considered below average and should increase. EVMOS bulls must increase the accumulation rate to prevent the token from falling.

What do the technical indicators suggest on EVMOS?

Technical indicators point to the rise of the EVMOS cryptocurrency. The relative strength index demonstrates the upward velocity of the EVMOS coin. At 52, the RSI is just above neutral. The positive momentum of the EVMOS coin can be seen on MACD. The MACD line is below the signal line and preparing to cross over to the positive side. Investors in EVMOS should watch the hourly chart for any changes in direction.

Conclusion

EVMOS coin price is trading with strong bullish momentum on the hourly price chart. The token started its bullish rally after testing the $2.35 support level. The EVMOS crypto repeatedly fell from the resistance level at $2.75 as the bulls could not sustain and as a result, EVMOS rallied lower. However, EVMOS needs to acquire more buyers in order to sustain itself at the current level and should try to maintain the bullish momentum of the EVMOS coin. During this time, the change in volume can be considered below average and should increase. EVMOS bulls must increase the accumulation rate to prevent the token from falling. Technical indicators point to the rise of the EVMOS cryptocurrency. The MACD line is below the signal line and preparing to cross over to the positive side. Investors in EVMOS should watch the hourly chart for any changes in direction.

Technical levels

Support levels: $2.35 and $2.20

Resistance levels: $2.75 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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