EOS coin has been dragged to controversy after one of its wallets- EOS Ecology has allegedly blocked investors’ money. There have been a total of 200,000 tokens lying with the wallet, which are worth over 50 million USD. However, this EOS news has not impacted significantly on the price trend of the currency over the last day. Amidst a sluggish market, it still has managed to trade stably with a marginal hike.
EOS Holds Above $2.5 Despite Intraday Swings
The currency was trading at $2.509 at the opening of yesterday, and within the next 8 hours, the EOS price was up by 1.47% and touched $2.546. Then, it was followed by a 2.40% price correction that cost $0.061 and pulled the value down to $2.485. However, it showed immense strength later and got pushed by 3.30% by 17:52 UTC and reached the highest point of the day at $2.567 by 17:52 UTC. This price surge over $2.5 mark couldn’t be sustained for long, and the EOS coin faced a freefall of 2.26%, and this swing cost it $0.05 by 01:13 UTC.
EOS’s current price at $2.527 is lagging behind its SMA 20 ($2.528) and SMA 50 ($2.533). The RSI has been less than 50 points for long. As per the EOS price prediction and current stability, the currency might record slight improvement in the impending hours and find the next halting point around $2.57.
Resistance and Support Levels
R1: $2.57, R2: $2.6 and R3: $2.63
S1: $2.51, S2: $2.48 and S3: $2.45
