Price Analysis

EOS Price Analysis: EOS’s Nudge for Price Rally is Likely in the Next 2 Months

  • EOS shows six major price swings in the last 24 hours.
  • The next resistance point of EOS is likely to be 4.47 USD.

EOS again in the past 24 hours has shown that it is one of the stable coins in the market. With six major price swings, it closed for a price that is not very different from yesterday’s closing. This feature of EOS is becoming the major attraction point, and it has been working like a magnet to pull new investors in. Here, we will analyze the price movement of EOS of the last 24 hours to help the short-term or intraday traders. The medium-term outlook of EOS is bullish, and the coin may get to as high as 13 USD by the year’s end. Let us look at the current details of the coin first.

EOS Price Statistics-

EOS Price Prediction
EOS Price Chart by TradingView
EOS16th July 04:04 UTC
Rank7th
ROI (Return on Investment)314.47%
Coin Circulation923,396,295 EOS
Market Cap3,951,093,806 USD
EOS Price4.246USD
EOS Price in BTC0.00039904 BTC
24h Volume2,024,244,608 USD

EOS to USD Price Comparison-

Over the last 24 hours, EOS has shown six major price swings. The first swing was a hike of 7.70% between 00:29 UTC and 03:11 UTC. This hike added 0.307 USD to the value of EOS. It was followed by a fall of 3.21% over the next 5 hours and 53 minutes. This fall cost the coin 0.137 USD. After this fall, the coin again gained 6.11% and added 0.254 USD to the value over the next 5 hours and 21 minutes from 09:05 UTC. The 4th swing was a fall of 3.24% that happened between 14:27 UTC and 18:08 UTC. In these 3 hours and 41 minutes, the coin lost 0.143 USD. This was again followed by a hike over the next 5 hours. This hike added 0.115 USD to the value of EOS. The final swing was a fall of 0.137 USD or 3.12%. This fall happened between 23:08 UTC and 03:49 UTC. These are the six major price variations of EOS in the last 24 hours, and the range of variation lies between 2% to 7%.

EOS Price Prediction-

EOS has a bullish medium-term outlook. The coin is likely to be around 10 USD by the end of 2019. The next resistance points are 4.47 USD, 4.62 USD, and 4.83 USD. The support levels are 4.11 USD, 3.9 USD, and 3.75 USD.

Conclusion-

The coin is now playing safe in the market as there is growing volatility everywhere. But a price rally will happen within the next two months. Investors need to hold their coin patiently.

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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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