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EOS’s Struggle Intensified After a 3.95% Loss Overnight

Written byRajpalsinh Parmar
Edited by Niharika Deshpande
January 16, 2020
in Cryptocurrency News
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The price of EOS coin has been contracted by 3.95% since yesterday. The current value stands at $3.619, and it has been down from $3.768 in these two days. EOS is likely to witness downward correction in the upcoming days.

EOS price was at $3.768 at the starting of the day, and over the next 29 minutes, EOS managed to get a hike of 4.78% to find itself at $3.948. It was followed by a compression of 9.47% that cost it $0.374, and EOS price reached $3.574. The next swing happened between 05:12 & 13:52 UTC. Over these 8 hours, the coin’s value climbed by 9.01% to touch $3.896. At 13:52 UTC, EOS started weakening. It fell by a whopping 9.16% to reach $3.539 by 01:34 UTC.

EOS News
EOS’s current price at $3.619 has managed lead over both its 20 days MA ($3.594) and 50 days MA ($3.597). However, EOS coin may not see any sudden rise in the value. The pressure of price correction is to stay here for some more time as per price prediction for EOS.

EOS Resistance & Support Levels
1st Resistance $3.91
2nd Resistance $4.06
3rd Resistance $4.21
1st Support $3.61
2nd Support $3.46
3rd Support $3.31
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Rajpalsinh Parmar

Rajpalsinh Parmar

Rajpalsinh Parmar is a crypto journalist at NameCoinNews with three years of experience covering the fast-moving world of Web3, NFTs, and blockchain technology. He tracks everything from NFT market cycles and metaverse platform developments to altcoin project launches and DeFi innovations. Rajpalsinh has a particular focus on emerging blockchain ecosystems and the convergence of gaming, culture, and decentralized technology. His reporting keeps a close eye on builder activity, tokenomics, and protocol-level changes that shape long-term market narratives.

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