EOS Price Analysis: EOS Experiences Slight Plunge; will EOS Come Out of the Market Pressure Anytime Soon?

  • Intraday trading for EOS doesn’t reflect much hope.

EOS has currently taken a slight drop in the intraday market. The coin is speculated to have a great future, but the current scenario is scaring. The coin is seen slipping. The entire altcoin market is indicating a similar trend.

Today, there is not much hope from the coin. However, the coin hasn’t moved much, and thus, the loss would be marginal. To understand the momentum of the coin more precisely, let’s have a look at the chart.

Current Statistics of EOS:

The trading View Chart is taken on 25th August 2019 at 05:13:51 UTC for price analysis.

EOS price chart - Aug 25
EOS Chart By TradingView

The chart is indicating a slight fall in the price. On 23rd August, the coin opened with a heavy escalation. The price changed from $3.6 to $3.7 by 3.58%. The coin dropped from $3.7 to $3.6 immediately after the jump. The regression marked was of 4.03%. The coin closed the day with a profit of 1.12% at $3.6. Yesterday, the coin opened with a fall of 2.61%. The price counters changed from $3.6 to $3.5 by 2.61%. The coin was seen hovering at $3.5 for quite some time. The token jumped from $3.5 and closed the day at $3.6. The coin experienced a loss of 0.50% with an intraday movement. Today, the coin has again opened with a fall. The price counters changed from $3.66 to $3.62.

Summary of EOS to USD:

Particulars EOS
Price $3.61
ROI 249.78%
Rank 8
Market cap $3,350,858,706
24hr volume $1,354,736,560
Circulating supply 928,886,653 EOS

EOS Price Prediction and Conclusion:

EOS has been performing well from the past few days. In the last seven day, the coin reflected a volatile movement. The coin is currently dealing at a profit as compared to the beginning of the week. The current fall in the coin could be because of the market selling pressure.

We are anticipating an upward movement in the coin towards the end of the year. The coin is likely to close the year around $10.  The coin is expected to rise in the long-term. The traders should dig in for a similar period of time.

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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