Price Analysis

EOS Keeps the Bearish Run Intact; Price Hovers Around $3

EOS is battling in the downtrend for a long time. The coin was at $4.3 on August 01, 2019. The month ended with a substantial loss of 23.57% at $3.3. The fall continued in September also. Lately, the currency has experienced a little improvement, and the same is indicating towards a better future.

We have entered in the last quarter of the year. All eyes are upon the board for a better closing. Let’s have a look at the last month’s price movement of EOS.

The last month started with a moderate price movement in EOS. There was an uptrend noted, which took the EOS price to $3.9613 from $3.2560 by 21.8%. Later, the price fell to $3.7153 by 6.21%. Then, again, it went up and reached $4.2384 by 14.55%. Later, the tremendous fall brought EOS price down to $2.4193 by massive drop of 42.92%. There was a recovery in the last few days. That took EOS coin price to $3.1259 by 29% progression. The month locked 6.54% loss as it opened at $3.3445 and closed at $3.1259. The ongoing month is reflecting upward movement. In the last few days, EOS moved from $2.9971 to $3.3700 by 12.4%.

EOS price
EOS Chart By TradingView

EOS Price Prediction

EOS is dealing among the top ten cryptocurrencies in the market. Traders are still hoping for an improvement and thus sticking around. EOS is also speculated to experience the price rally soon.

As per the current statistics, the market cap of EOS is at 2,935,684,716 USD. Out of the total supply of 1,032,096,275 EOS, there are 935,396,263 EOS coins circulating in the market. The ROI is at 204.31%. The 24-hour volume is at 1,675,918,670 USD.

EOS has recovered strongly and likely to break its next resistance of $3.25 soon. By the end of 2019, EOS is likely to trade above $4.20. We would recommend long-term investment as it would give a colossal profit.

Resistance & Support Levels

R1: $3.25, R2: $3.33 and R3: $3.42

S1: $3.08, S2: $2.99 and S3: $2.91

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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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