Price Analysis

EOS Price Analysis: Bullish Trend Escalates Price Of EOS

The market opened today with a bullish trend. Including Bitcoins, Litecoins, Ethereum, and many others are surging with every passing second.

The trend could be mistaken for purchasing spree, but we believe that the trend is supposed to last for some time. Talking about EOS, today the EOS coin has opened at $6.47 and slowing progressing towards high volumes.

The prices could soon be seen recovering on the charts.

Let’s have a look at the stats of EOS:

  • The EOS price is USD 6.46.
  • The ROI stands at 526.00%.
  • The Market Capitalization stands at USD 5,926,446,271.
  • The 24hr volume is 2,910,063,837 USD.
  • The circulating supply is noted as 917,941,989 EOS.

EOS/USD 1-day chart – 6th June 2019 at 04: 21 UTC

EOS/USD 1-day chart - 6 June

Price Comparison:

Comparing the price of last month to that of it reflects a clear progression by 35.8% as the price on 10th May was $4.7 and today at 04:21 UTC the price is at $6.40. In the last one month, the not only EOS struggled to pass the resistance level of $9.0 but also survived a dreadful price drop.

EOS/USD 1-month chart by TradingView

EOS/USD 1-month chart - 6 June

The intraday chart is showing a double top shape figure. At around 1:50 UTC and 3:50 UTC the prices were almost similar, i.e., $6.46. Usually, the double top figure indicates a bullish run. Hence we can expect the chart to recover at a good momentum.

EOS Price Prediction:

As per the latest news of AnChain.AI, due to no transaction fees of EOS, the 75% of the transaction on dapps were made by the bot accounts. The news has created a buzz in the market. If 75% transaction in EOS is by automated accounts, then the EOS price won’t be hanging up for long.

Conclusion:

The current trend of EOS coin has given hope to the investors. If the growth continues, we can see an improvement in price during the day. Relying on the latest news, we wouldn’t recommend going to EOS for now.

However, the people interested in EOS can split up the investment to cut short the risk involved.

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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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