EOS coin has faced a bottleneck on the last day and dropped its value by 1.01%. These sudden movements take the price near-weekly critical support area around $3.5. However, yesterday it went as high as $3.73. This creeping volatility is likely to stay with the currency for some more days.
EOS Price Analysis
EOS coin opened the day at $3.649, and its first swing started at 00:27 UTC. In the next 2 hours, the currency got down from $3.667 to $3.584, the lowest point for the day. At 02:53 UTC, the coin price started strengthening, and by 07:23 UTC, the price soared high by 4.16% and got placed at the top position of the day: $3.733. EOS couldn’t sustain this bullish ride for long and started moving downhill soon. By 01:37 UTC today, the currency lost 3.45% value and touched $3.605.
EOS’s both the current price and its 20 days MA are at $3.612. Its 50 days MA ($3.619) has managed to fetch a lead over the two figures. Hence, as per the current placement, the on-going volatility is likely to be continued for some days. And as per the current trend, the EOS price may soon breach the weekly support area $3.49.
|EOS||Resistance and Support Levels|