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Price Analysis

Unfavorable Market Condition Nudges EOS Further down

  • EOS falls to $3.714 after a half percent cut.
  • The next support may come at $3.54.

Amidst the uncertainties and volatile fluctuations in the market, EOS has lost almost 0.5% in the last 24 hours. The four significant price variations made the coin to be traded near 3.71 USD. However, as per our prediction, it is likely to bounce back and have a bullish medium-term.

EOS Price Analysis & Predictions 

EOS opened the day with a decrease in the price by 3.31% between 00:14 and 06:50 UTC and this decrement placed the EOS price at $3.675. It was followed by a hike of 2.42% and this hike helped it gain $0.089 by 11:05 UTC. Over the next 4 hours and 53 minutes, EOS weakened and lost $0.119 to reach $3.646. The last swing was a series of hikes having a break at 22:04 UTC at $3.735. In total, the hike added $0.123 to the value and pushed EOS to $3.768 by 00:04 UTC.

EOS Price Chart
EOS Chart by TradingView

EOS may have to wait for a better market condition before expecting a recovery. The medium-term outlook for the coin is likely to be bullish, but in the short-term, it may have to seek the support of $3.54.

EOSResistance and Support Levels
1st Resistance$3.823333333
2nd Resistance$3.886666667
3rd Resistance$3.963333333
1st Support Level$3.683333333
2nd Support Level$3.606666667
3rd Support Level$3.543333333

 

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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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