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EOS Drops Below Key Support Like Other Altcoins

byMaxwell Mutuma
September 24, 2019
in Cryptocurrency News

EOS recently announced the first protocol upgrade of EOS main net. The community stands to announce new apps pretty soon.

EOS Price Chart

Considering the 24-hour movement EOS, we see that the value was initially seen trading at $3.85 around 09:45 UTC. The price of EOS then dropped by 2.99% at 14:26 UTC, when the trading value changed to $3.73. EOS price then escalated again by 3.46% at 17:01 UTC, with the trading value of $3.86.

Today, the value from then dropped to the lowest point of today at 00:12 UTC, when the trading value changed to $3.64. However, the current trading value (at the time of penning down) has recorded a marginal rise by 1.14%.

EOS has enough potential, which means that traders waiting to earn some returns from some time now can make the most of this time. According to realistic EOS price prediction, the short-term is moderately volatile while, the long-term in the case of EOS investment is expected to turn out to be the fruitful one.

The resistance and support levels are calculated as follows:

Resistance Levels:

R1: $3.8, R2: $3.91, R3: $3.96

Support Levels:

S1: $3.64, S2: $3.59, S3: $3.48

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Maxwell Mutuma

Maxwell Mutuma

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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