EOS Crumpled After a 3.11% Drop; Next Support may Come at $3.4
- EOS falls to 3.7 USD after a 3.11% cut.
- No quick recovery seems likely as of now.
EOS has taken a downward price movement of 3.11% over the last 24 hours, and the coin is trading at $3.72. It faced four price shifts in this period, and it may find itself at the support of $3.4 in the coming days.
EOS Price Analysis & Predictions
EOS took a price cut of 3.07% in the initial hours of the day and it placed at $3.801 by 09:24 UTC. After a few hours of volatile fluctuations, EOS took another dip and fell to $3.664 at 19:35 UTC and it had a break at $3.829 at 14:52 UTC. The third swing happened between 19:35 UTC and 00:24 UTC and this swing made the investors rich by 3.70% by adding $0.136 to EOS price. However, this level could not be sustained for long and it took a fall of 2.45% in the next 4 hours and 31 minutes to be placed at $3.705 USD.
EOS is way far from the price recovery mode it started last week, and it may soon find the support at $3.4 by the end of this week. In the long-term, the coin may give decent returns to its investors. Following are the calculated resistance and support levels of EOS:
R1: $3.89, R2: $4 and R3: 4.09
S1: $3.69, S2: $3.6 and S3: $3.49