EOS News

EOS Price Analysis: EOS Price Movement Turns Bearish Again

EOS price movement seems to be hampered by the recent pullback pressure in the market. The same could take the price way down as currently, all the markets are suffering and the same could affect the movement of the coin.

Today, EOS started the day with a spectacular momentum. The same indicated a great day ahead but now it looks like it wouldn’t have much as the movement might turn stagnant if not regressive.

EOS/USD Price Chart:

EOS Price News
EOS/USD Chart By TradingView

Yesterday, EOS started dealing at $1.89 and in the next 19 minutes, the coin slipped to $1.87. However, the same was followed by a recovery of 7.52% and thus, the coin escalated to $2.01. The currency couldn’t lock the escalation and thus slipped to $1.93 by 3.92% at 02:30 UTC.

Further, EOS improved and in the next 6 hours, EOS was at $2.02. The coin plunged again and this time, the price went as low as $1.94 at 09:40 UTC. The coin kept hovering around the same level till 14:00 UTC. Further, the currency improved and in the next 2 hours, the coin escalated to $2.02. The price locked around the same level for a while but the closing hour again embarked pullback pressure. The coin traveled back to $1.97 and ended the day.

The day-long movement of the coin reflected a 4% regression in the price. Today, EOS began the day with an improvement. The price counters moved from $1.97 to $2.07 by 2.10%. The coin immediately marked a tremendous drop to $1.88 at 08:07 UTC. The pick-up and drop seem to be locked around the same level and thus the coin is currently at $1.92.

The MACD line has overlapped the signal line and forming a bullish crossover. The histogram seems to be dissolved on the zero-line on the MACD chart.

The current price of the coin seems to be near the immediate resistance level at $2. The coin might breach the same in the upcoming hours. A few hours back, the coin was almost near the immediate support level at $1.87 but it has recovered from the same.

R1:$2 R2:$2.07 R3:$2.13

S1:$1.87 S2:$1.81 S3:$1.74

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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