EOS News

EOS Seems Under Market Pressure; Price Trades Around $3.5

EOS reflects heavy price fluctuations over the last week. The coin was popular for its unaffected move in the previous year. As per the current price movement, the traders might have to wait for a while to get a substantial result from the currency. EOS coin is spotted moving along the market trend.

It seems the currency would take some time to gain back its momentum. Although the improvement in the coin is quite evident, the stability quotient has been disturbed. The current market scenario is likely to remain the same.

EOS Price Analysis:

EOS Price ChartYesterday, EOS price started the day by dealing at $3.79. The price escalated to $3.92 by 3.55% hike and then, in an hour, the price dribbled to $3.81 by 2.84% fall. The coin locked around $3.84 for a while. Further, the price escalated to $3.90 by a marginal hike of 1.55%. Further, the currency took a heavy plunge and touched $3.52 by 9.66% fall. Then, the coin price recovered slightly and touched $3.61 by 2.65%. The coin price again dropped and reached to $3.50 by 3.31%. Then, the EOS price locked around $3.5 for some time.

After this moderate movement, the price slipped to $3.45 by 2.61%. The closing hour took the EOS price to $3.62 by 5.11% hike. The intraday movement reflected a 4.42% regression in the price. Today, the EOS coin started the day with a fall. The price moved from $3.6 to $3.5.

It looks like in the coming hours; the price might breach the immediate support level at $3.43. And as per the current momentum, it might drop to the next support level at $3.25. However, if the momentum improves then the price might find immediate resistance level at $3.86.

Resistance Level Price Support Level Price
R1 $3.86 S1 $3.43
R2 $4.11 S2 $3.25
R3 $4.29 S3 $3

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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