EOS is known for its stable movement in the market. In the past few days, despite many falls, the currency has managed to maintain its pace. Well, the momentum seems to be disturbed today. The coin has taken a tremendous drop by touching $2.98. The currency is likely to give great results in the future. The current scenario might be disappointing, but we are hopeful that the same would improve soon.
EOS Price Analysis
Yesterday, the EOS coin started dealing at $3.13. The price escalated to $3.15, with the first few hours by 0.77%. The currency slipped to $3.067 by 2.78%. The currency escalated to $3.160 by 3.04% in the later hours. EOS price felt a pullback and drowned to $3.09 by 2.40%. Before closing, the coin jumped to $3.1307. The coin closed the day at $3.0939. The intraday movement in the coin reflected a regression of 1.18%. Today, the currency started the day with an escalation of 1.01%. The counters moved from $3.093 to $3.12. The price slipped to $3.05. With a slight escalation, the EOS price took a tremendous fall and touched $2.94 by 5.39%.
The EOS price is currently at $2.9864. The coin is positioned at the major support level. The currency has breached the immediate support level at $3.07 and the next level at $3.03. The improvement in the coin is not expected to take place soon enough.
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EOS is mostly recommended for long-term traders, but keeping in mind the current scenario, we would suggest the investors hold on for some time. The market is quite hasty and investment at the moment could be risky.