EOS News

EOS Registers 3.5% Decline Over the Last 24 Hours

EOS price has already lost almost 4% over the last 24 hours. However, the currency regained its price level above $2.50 mark, and the same might be seen taking the coin on the path of improvement.

Over the last week, the currency was trading below $2.5 mark, but after it registered a sharp bullish move on April 16, EOS price crossed $2.60 and continued to trade in the range of $2.60 – $2.70.

EOS Price Analysis

EOS Price News
EOS/USD Chart By TradingView

Yesterday, EOS coin started at $2.59, and within the next 4 hours, the price escalated to $2.66 by 2.69% hike. Further, the price dropped to $2.56 in the next 7 hours and 49 minutes. From this low, the price escalated to $2.68 by 4.69% jump at 12:45 UTC. Then, the coin remained at the same level till the next hour, but further, the price plunged to a low of $2.45 by 8.55%. The closing of the day brought moderate improvement, and at 23:00 UTC, the price spotted at $2.53. The day ended at $2.51, with regression of 3.28%.

Today, EOS started dealing with stability. The price hovered around $2.54 till 07:58 UTC. Later, it slipped to $2.49, but again it managed to regain a $2.50 price mark. However, EOS/USD lacks the support from its moving averages.

As per the MACD indicator, the signal line has intersected the MACD line. The same is forming a bearish crossover. EOS is currently trading near the immediate support level at $2.43. If the market pressure strengthens, then the coin would breach the said level. However, if improvement embarks, then the immediate resistance is formed at $2.65.

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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