EOS ( SPOT - INVESTMENT )BINANCE:EOSUSDT
EOS / USDT
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Eostrend
EOS movements are painfulUnfortunately, there is some place for going down and EOS is showing this to us again, not happily surprise us on the first day of winter.
Promising strengthening of the positions is over.
EOS/USD is down nearly one percent on day at $2.868 and in less than 1 percent range for the day.
Moreover, some rumors going around about the idea of creating a new ‘hypothetical’ currency crypto token from Block.one CTO Dan Larimer exiting EOS. Of course, nothing has been officially confirmed and EOS’ price action is yet to reflect any noticeable reaction to the news, however it is having its small input on this price range.
For now the asset has returned to a long-standing key support area between the 71,000 and 67,000 Sats levels .This was followed by the tow days heavy sell-offs that pummelled EOS’ price by -20%.
Next key support on the downside stands at $2.68, while resistance stands at $3.00 and $3.40.
Some hope for EOS today!Hello to every crypto enthusiast over there!
To start with, we finally have some positive news about our favourite EOS here! EOS is in recovery mode
EOS had the lowest position of the Sunday of $3.08. The coin has gained over 8% in recent 24 hours.
EOS has overtaken the position of Bitcoin Cash from the 4th position in cryptocurrency rating provided by CoinMarketCap. The victory did not last long and currently the EOS coin is back at the 5th place with the market value slightly over $3B at the time of writing. Also, Stellar does not give up and threatening to push EOS to the 6th position.
To sum up all the news, at its current price, EOS is still 85.54% less from its all-time high of $22.98 set on April 29. Therefore, my predictions is that price will be around 3, 44$ during next 24 hours and in this case it will be a sign of stabilizing and more or less strengthening position.
A sustainable movement above $4.30 is needed to improve the longer-term picture.
