Cosmos, Dash, EOS Price Movement Analysis for 16th  February 2021

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EOS has entered the consolidation phase in the last few trading sessions, but is expected to rise above its local peak of $5.5 in the medium term. ATOM climbed to another record high on the charts, with its on-chain metrics endorsing a prolonged bullish scenario. Finally, DASH will undergo a minor correction before hitting the $300 mark.

Cosmos [ATOM]

A increase of more than 20% in the last 24 hours saw Cosmos rise over the $25-level and set a fresher record high on the charts. The RSI gave more bullish signals, as the index had not yet peaked in the over-purchased area, and the $30-level was definitely a possibility.

It would be fascinating to watch the Amazing Oscillator over the next few sessions as a bearish twin peak setup might signal a possible downside on the charts. In the event of a correction, the support levels were $21.2 and $19.7.

Dash [DASH]

Source: DASH/USD, TradingView

In the past few days, Dash broke out of range and snapped a local high of over $274, the amount that was last seen in July 2018. Weekly earnings stood at more than 100 percent as the privacy coin showed a buoyant intensity on the charts.

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The Parabolic SAR dotted markers moved below the candlesticks again post a bearish pullback at the $212.5 support stage. However, a bearish crossover on the MACD suggested that DASH should be corrected in the short term. A pullback would place the support levels at $260 and $212.5 under the spotlight. After the correction, the DASH bulls could target the next big resistance level at $300.


Source: EOS/USD, TradingView

At the time of writing, EOS was heading rangebound after the bulls gave the $5-level to the bears. The RSI represented the balance between the two sides as the index was fixed around the 50-point mark. On the downside, 24-hour trading volumes decreased by more than 10% while purchasing activity remained sluggish across the market.

However, the market bulls could keep the price above the $4.5 level, given the strength of the wider crypto market. Moreover, the bearish momentum was on the decline, according to the MACD histogram. EOS is likely to grow above the $5.5 mark by the end of the current consolidation phase.

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