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EOS Reflects Stability After Month-long Regressive Trend

byMaxwell Mutuma
March 19, 2020
in Cryptocurrency News

If we look at the weekly price movement of EOS, it has been slowly getting out of the ongoing bearish volatility. And in the broader picture, over the past 30 days, it has been reflecting sluggish momentum with the bearish hold. EOS price has been fluctuating in the range between $1.82 – $4.58 over the last 30 days.

EOS Shows Early Signs of Recovery

EOS Price News
EOS/USD Chart By TradingView

EOS coin has marked strong downside momentum over the past 30-day timeframe. In the last month, on February 19, the coin was trading at a high of $4.581. From this high, the coin fell to $3.486 by a massive fall of 23.54% in the next 7 days, but then, EOS coin marked moderate escalation. Despite the strong bearish undercurrent, the currency managed to take an upward swing and touched $3.857 on March 07 by 9.65% hike. However, after this moderate hike, the bearish pressure started getting stronger, which results in a massive fall of 53% to $1.821 on March 13.

Further, the price of EOS again spotted price recovery to the tune of 16.11%, and the price touched $2.105. Yesterday, the coin price again fell to $1.976. Today, the price of EOS is trading at $1.991 with marginal escalation. EOS price seems to be slowly trying to move out of the bearish grip. The past one-month price movements have seen the price of the coin put up a stable upward run raising the hopes of the investor community. You can check our EOS coin price prediction to get a detailed idea about the future prices of the coin.

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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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