EOS News

Will EOS End the Bearish Dominance and Make a Recovery in the Near-term?

EOS coin was priced $2.52 on December 16, 2019, but soon due to a massive fall, it dropped to $2.29 with a 9% decline. The currency gradually managed to rise to the level of $2.37 on the same day. Post this, the coin was trading at the same pace. There was no drastic rise or drop recorded. From yesterday, bears gained back a stronghold on EOS as prices further fell from $2.29 to $2.15. Though the trend is a downward one, the coin is indicating signs of a rise.

EOS Price Analysis

EOS Coin NewsThe coin is reflecting an uptrend of 2.16% as compared to yesterday’s value of $2.17. As per the movement, it seems that EOS prices may further rise marginally and reach its immediate resistance of $3.01 soon.

We recommend to hold the existing coins as per the price trend. $2.18 and $2.3 is the range of circulation today. The past two days’ price evaluation of the EOS coin shows the bearish dominance is more prevalent. Short-term trading on the coin will not be fruitful as it is trading in a lower range from the past few weeks.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button