EOS Price Analysis: EOS Price Dribbles At $5.7; Expected To Recover Soon

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EOS price is currently moving in the direction towards recovery from the intraday fall. The coin experienced a heavy drop since yesterday. The current recovery in the coin is anticipated to last. EOS might shine back in a few days.

Bitcoin recently touched $12,000 to everyone’s surprise. The market didn’t see the upsurge coming. However, the market was overwhelmed by the unexpected surge but also knew that the upsurge will be soon caught in the selling pressure.

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The sudden pick and drop in the coin happened because of the same reason. We are suspecting a price hike in the coming days, which might help the traders to recover from the sudden fall.

EOS Current Statistics:

  • The price of EOS (EOS to USD) is at $6.00.
  • The 24hr volume of EOS is marked as $4,256,309,351.
  • The Return on Investment (ROI) is noted as 485.68%.
  • The market capitalization is around $5,562,920,879.
  • The circulating supply of EOS is 920,966,877 EOS.
  • EOS is the 6th coin in the crypto market.

EOS Price Chart - 28 June

As per the EOS chart taken from Trading View on 28th June 2019, at 09:52: 08 UTC, the coin reflects a downfall in price.

Today, the coin opened at $5.9. A slight regression was marked in the first few hours, but the coin tried to keep it tight at $5.9 and from 8:05 UTC the coin has started climbing. The coin jumped from $5.7 to $6.1 and booked a hike of 5.57%. The coin is presently experiencing recovery in the price.

Yesterday, the coin had hard luck in recovering from the downfall. The coin opened at $6.6 and closed at $5.9 registering a drop of around 10.60%. During the entire day, the coin climbed the chart only at 20:30 UTC where the price picked up from $5.5 to $6. The rest of the day was quite dull for EOS.

EOS Price Prediction and Conclusion:

As per the latest news of EOS, the parent company, Block.One is planning to buy back. The same would take place within the year. The news broke a few days back and since then the marketers are eyeing on the coin.

We are also anticipating an upsurge in the coin. The long-term investment in EOS would be best suited for drawing huge dividends.

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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