Price Analysis

Despite Sluggish Movement, EOS Could Hit $6 This Year

EOS records 25% dip in the last week trading at $2.82

EOS started the month trading around $3.24 and at the beginning of the last week, it was trading at $3.80. However, the coin has been hit by the downtrend and is continuing to drop further with each passing day.

EOS Price Analysis

In the last seven days, EOS has recorded a downtrend of over 25% drop from $3.80 to its current price as on September 29, 2019 at 03:35:06 UTC at $2.82. EOS price traded around $3.80 in the first two days but then had a steep fall, and it dropped as low as $2.72. The coin has been trading around this value since then, and not drop able to recover in the last five days.

The lowest recorded price of EOS in the last seven days was $2.62 and the highest value was $3.92. It may move within this range in the coming week.

EOS price
EOS Price Chart by TradingView

EOS may prove to be a profitable asset in the next few months. The coin is currently maintaining a consistent pattern in terms of price movement with sudden dips only once or twice a month. It may surge up to its immediate resistance level $2.95 in the upcoming days and may cross it’s 30-day high $4.20 or may be plunge upwards up to $6 by the end of this year. This is the perfect time to invest in EOS coin and start stacking up for future.

Resistance & Support Levels

R1: $2.91, R2: $2.95 and R3: $3

S1: $2.82, S2: $2.77 and S3: $2.73

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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