EOS Keeps Moving Forward With a Justified Position in the Market

EOS has been a high performing asset. As noted, EOS was trading at a price above $7.5 in the previous month. Slowly and gradually it started falling in this duration of 30 days and is currently trading around $4.3. EOS is ranked at 7^th position in the crypto market. Holding its position in the list of top 10 cryptocurrencies, EOS holds that charm and will revive soon as Block.One, the parent company is making numerous developments for the success of the platform.

Important to note that the coin has been losing its position with every dribble. Bitcoin has been dripping and rising in intervals, but EOS seems to lose with every step.

However, we still believe that this is the price correction stage of the coin, and it will soon make a real-time recovery to enhance its position again.

EOS Price Chart:

EOS Current Market Statistics:

• The coin is currently trading at $4.264 as on 16^th July at 5:49 UTC.
• The market cap of the coin is $3,935,804,643 with a 24h volume of $1,948,698,826.
• EOS holds the current price (BTC) of 0.00039680.
• The coin is ranked at 7^th position in the crypto market.
• EOS currently fetches 312.73% Return on Investment (ROI).

EOS to USD Price Comparison:

Looking at the above 30-days’ chart, we can comprehend that the coin has been slowly facing the downfall from trading as high as $7.550 in the previous month and currently trading at $4.264. The coin experienced this fall in the descending price ranges. On comparing the current price with the coin price exact one month back, i.e. $7.068, we see that there has been a decline of over 39%.

However, the above 1-day chart exhibits a different outline. The current trend seems to have a bullish outlook when compared with the lowest price of $3.979 in the past 24 hours. The current price has grown by 7.16% and fell by 3.28% from the highest ($4.409) of the past 24 hours. The current bullish outlook is the growth from the previous slumping trends. When looked at the totality of the trends since the highest at $7.5 and the current price, the sink is well observant.

Technical Indicators:

The above 6-day SMA and 20-day SMA, move hand in hand, except the points where the price makes a steep fall or rise. The current price has fallen by 8.5% from the 6-day SMA ($4.665).

The 200-day EMA, 20-day EMA and 50-day EMA throw a different outlook. Concerned with the recent ones, the 20-day EMA shows a bearish signal when compared with the 50-day EMA. There is a decline of 20.35% in the current price from the 20-day EMA ($5.354).

The RSI of the coin remains within the range, having an inclination towards the upper range, although exhibit no such extremity.

If the coin grows from the current trading price, it will face major resistance at $4.5, and if it falls further, the major support lies near $3.9 price mark.

EOS Price Prediction and Conclusion:

If concerned with the intraday traders, one must opt to sell the security or have a price mark for stop loss. However, the long-term investors should wait for the coin to gain the miraculous momentum again. EOS is expected to trade around $10 by the end of the year.