EOS Price Uptrend Helps in Escaping from Bearish Trend

  • EOS price bounces back to $3.14 with a high prospect of future upsurge.
  • The last quarter seems to fill the past losses.

The EOS price has always stood up to the traders’ expectations in the past. The current situation of the market is quite volatile. The same scenario often creates a huge difficulty for the currency took an upsurge. However, EOS has managed to get a hold of it.

As per the recent data, EOS has crossed the immediate resistance level. Intraday trading seems to be quite beneficial. Let’s have a look at the price chart.

EOS Price Analysis

EOS price
EOS Chart By TradingView

The above EOS chart is indicating a slight loss in the price. In September, EOS started dealing at $3.3330. The price dropped to $3.2190 by 5.42%. Later, the price reached $3.9668 and then to $4.2400 by 6.89%. Further, the heavy drop in the EOS value shifted the coin to $2.4, with a loss of 43.39%. The month closed at $3.1340, with an overall regression of 5.97%. The opening days of the ongoing month took the coin to $2.8508 by 5.04%. Later, the improvement brought it up to $3.3700 by 18.21%. The current price is at $3.1412.

The calculated resistance and support levels are given below:

Resistance Level Price Support Level Price
R1 $3.15 S1 $3.09
R2 $3.17 S2 $3.05
R3 $3.21 S3 $3.03

After breaking the immediate resistance, the currency is heading for the next resistance level. The market seems bullish, and hence there are chances that EOS might hit the major resistance too. Altogether, the projections for intraday trading are positive.

In the upcoming days, EOS could bring a colossal profit. If the traders are looking for an investment, then we would suggest them to invest with the long-term perspective in EOS to book considerable profit in the future.

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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