EOS Price Analysis: EOS Under Selling Pressure Touches $7.1

EOS started with a bearish trend today. The coin is currently trading at $7.1. The price of the coin is likely to remain the same for today. The marketers believe EOS is not behaving well in the market due to the selling pressure.

However, as per the latest news, Block.One, the parent company of EOS is planning to buy back its shares. The said news indicates that the company is confident about the future of the coin, hence planning to buy them back.

The upcoming business ventures and the current momentum of EOS are undoubtedly promising. And, Block.one buyback of EOS news has ensured that the EOS wouldn’t deal in losses in the future.

Let’s have a look at the current statistics of EOS:

The chart is taken from Trading View on 24^th June 2019, at 04:48:29 UTC for price analysis:

Inferring from the chart, EOS started with an upsurge in the market. EOS jumped from $6.9 to $7.6 exhibiting a surge of 1.72%. The coin started falling since then and took two major drops during the day. The first drop took place from $7.5 to $7.2 and marked regression of 3.8%. The next drop marked regression of 4.7% as the price fell from $7.55 to $7.25. Today, EOS opened with a fall. The coin fell from $7.2 to $7.0 and marked a decrease of 3.4%. The coin is presently trading at $7.1.

EOS Price Prediction:

The current scenario of EOS is not as good as it was two days before. The drop in price is likely to remain the same all day long. The drop can also leave some effect on tomorrow’s price momentum. However, EOS will come out of the price drop and is likely to have a great future ahead.

Conclusion:

Block.One is quite assured about the price structure of EOS in the future hence opting for a buyback. We are also positive about EOS future price escalation. The long-term and short-term investments are indicating towards a great future.