Price Analysis

EOS Demonstrate Bearish Trend; Trades Around $3.4

  • EOS price movement reflects loss during the intraday trading
  • This is the effect of whole market dealing in red and having a defined down trend

EOS price movement is not very impressive as it was earlier this year. The coin managed to climb as high as $8.59 and spiked hopes amongst the traders that it would escalate even higher. However, the coin soon came under market pressure and started falling.

The current market movement reflects fluctuation. EOS coin is reflecting a downtrend in the price and looks like this would continue as per the current momentum and market scenario. Let’s have a look at the intraday chart.

EOS Price Analysis:

Yesterday, EOS started dealing at $3.61 and immediately escalated to $3.63 by 0.75%. Further, the coin slipped tremendously and touched $3.44 marking a regression of 5.18%. Further, the currency was seen hovering around the same level and closed at $3.47. The intraday price movement reflected a loss of 3.83%. Today, EOS coin price climbed up to $3.5 by 2.17% within the first few hours. Thereafter, the coin fell to $3.45 and at the time of writing it was trading at $3.5.

EOS Coin Price Chart
EOS Chart By TradingView

EOS price has been struggling from a long time to have a defined growth. However, recently, the fluctuation has taken over the coin and it is seen moving hastily. The current price of the coin is near the immediate resistance level at $3.6. Just a few minutes ago, it was dealing at $3.4 and the same was near the immediate support level.

Resistance LevelPrice Support Level Price
R1$3.6S1$3.43
R2$3.7S2$3.36
R3$3.77S3$3.26

The traders interested in the coin are recommended to stay put as the current market scenario is not the best time for investment.

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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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