EOS Price Analysis: EOS Price Deals Around $7 Due To The Selling Pressure, Could Remain Same All Day

The crypto market is showing mixed signs as some currencies are dealing in profits and some in losses. The reason behind the same could be the selling pressure as the last few days have been tremendous in terms of numbers. The investors are filling their pockets as the coming days are also predicted to be good.

EOS Coin touched $7.23 in yesterday’s market. The price became 7-days high and hence, spiked hope amongst the traders. The current trend of the market is pushing to touch unexpected highs, so it won’t be a surprise to see EOS near $7.75 in the coming months and may trade around $9 to $10 by the end of 2019.

Let’s have a look at the statistics of EOS.

Current Statistics From EOS Price Chart:

EOS Price Chart -18 June

  • EOS is at the 6th position in the crypto market.
  • The market cap stands at 6,513,260,956 USD.
  • The circulating supply of EOS is around 919,574,844 EOS.
  • The 24 hr volume of EOS is marked as 1,783,276,912 USD.
  • The return on investment (ROI) of EOS is 586.77%.

The price analysis is done with the help of Trading View EOS chart of 18th June 2019, at 04: 02: 58 UTC.

EOS to USD Price Comparison:

The 5-day chart of EOS is indicating a subsequent growth in price. On 13th June, the price of EOS was at $6.42. The entire day was caught up in a loop between $6.62 and $6.41. On 14th June, the day was a mixed bag as most of the time the price was between the resistance level of $6.49 and $6.36, but towards the end of the day, the price escalated by 2.18% from $6.42 to $6.56. The traders gained handsome profits on 15th June, as the price jumped by 4.97% as the market opened at $6.55 and closed at $6.88. On 16th and 17th June double top is reflected in the graph, which indicates a future upsurge in the price. Today, the market opened at $7.12 and is presently trading at $7.07. The coin is likely to remain the same the entire day. However, there are some expectations from the coin tomorrow.

EOS Price Prediction and Conclusion:

EOS current momentum has given hopes to the investors, and hence, they are eyeing on better outputs. The price surge won’t continue for an extended period as a price drop is expected to wait around the corner. However, the end of 2019 wouldn’t be on a sad note as the coin might touch $7.75 in the coming months and may have a $10 price mark by the end of the year.

The long-term investors can dig in and draw considerable dividends in the coming years as it is not a profitable tool for the speculators.

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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