EOS Price Analysis: EOS Struggles in the Market Following the Fall by Bitcoin

EOS is one of the few major coins which have managed to stay themselves from the impact of Bitcoin’s unprecedented moves. However, after yesterday’s blood bath in the market by Bitcoin, EOS has lost 15.30% over the last 24 hours. In the last 1 day, the coin has shown four major price swings and in total lost huge value. However, the long-term outlook of EOS seems bullish, and it may reach as high as 10 USD by the end of this year.

EOS Price Statistics-

EOS to USD Price Comparison-

EOS took a long time to show its first fall of 5.97% and lost 0.261 USD. This fall happened between 01:01 UTC and 13:12 UTC. The next dip happened between 15:38 UTC and 17:04 UTC. This dip cost the coin 0.851 USD or 20.24% of its value. However, the coin encountered a short stint of growth between 17:04 UTC and 21:50 UTC. This hike was of 13.19% and added 0.442 USD to the coin. And again, the coin faced a dip of 6.34% and lost 0.240 USD between 21:50 UTC and 02:19 UTC of today.

EOS Price Prediction-

EOS has a bullish long-term outlook, and the coin may touch $10 by the end of 2019. The next resistance points are 4.21 USD, 4.75 USD, and 5.13 USD. The support levels are 3.29 USD, 2.91 USD, and 2.37 USD.

Conclusion-

EOS is having a tough time at the current hour, but it is likely to bounce back soon. The coin may rely on the support level in the next couple of days, but in the long-term, it is likely to give good returns.