Price Analysis

EOS Continues to be Controlled by the Bears

  • EOS price has been under bear pressure since the volatility has set in the crypto market as seen from the YTD price chart

EOS price had been on a steady upward momentum till the month of June. Once the bears made their position stronger in the crypto market, the price of EOS underwent a lot of fluctuations due to continual bear pressure. The YTD price chart for EOS shows the price oscillating in the range of $2.31 – $7.72.

EOS Price Analysis:

At the onset of 2019, EOS started trading on a low note and has since then undergone a lot of variations, as seen from the YTD price chart. On Feb 02, the coin was trading at $2.3123. From there the price moved upwards to $5.7449 on Apr 10, the upward movement was to the extent of a gigantic 153.38%. On Apr 29, the price of EOS had a fall of 24.56% to trade at $4.3337. The bulls had made a re-entry in the crypto market, and the price had a great rally to the extent of 78.17% on June 01 at $7.7246.

Later, the bears started creating a strong foothold in the crypto market, and the price of EOS went on a continual downward swing, and the price fell by a notable 64.06% to $2.7762 on Sep 24. Today, the trading price of EOS is $2.0712, indicating a fall of 25.39%.

EOS Price
EOS Chart By TradingView

EOS’s price was on a steady upward momentum till the bear volatility set in the crypto market. The short-term is expected to be bearish for EOS. Analysts are, however, positive about the prospects of the coin and expect it to bounce back by the year-end. Investors can cash in on the current opportunity and invest from a long-term perspective. Day traders can gain if they invest cautiously.

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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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