EOS Price comes under Selling Pressure; Moderate loss Reflected on the Intraday Chart

Altcoin market opened with a bullish trend today. The last couple of days were quite disappointing for the traders. The beam of hope started lighting on yesterday’s chart when the upsurge embarked. The traders took a sigh of relief with the expectation that the coin will give a positive result today.

Well, it seems like the things haven’t fallen on the place as EOS has started the downtrend on the intraday chart. Yesterday, the coin was seen touching a high at $3.28 and a low at $3.19. The volume marked on yesterday’s chart was $1,185,733,715.

Current Statistics of EOS:

• The price of the coin is at $3.21.
• The ROI is noted as 211.60%.
• The 24hr volume of the coin is marked as $1,060,690,953.
• The market cap is at $2,987,788,690 USD.
• The circulating supply has 929,722,186 EOS.

EOS to USD Price Comparison:

The chart is taken from Trading View on 31^st August 2019 at 06:26:00 UTC for price analysis.

The coin opened at $3.2 yesterday. The coin took up from $3.1 to $3.2 by 3.36%. The coin started falling in the second half. The price counters changed from $3.25 to $3.20 by 1.75%. The coin closed at $3.21 with a slight progression of 0.23%. Today, the coin opened with an escalation of 0.59%. The coin jumped from $3.20 to $3.23. The coin has started falling after touching $3.2.

EOS Price Prediction and Conclusion:

The momentum of the coin was pretty satisfying. The movement in the price got interrupted by the recent price drop. The coin was slipped down with tremendous speed. There was a slight recovery on yesterday’s chart, but today, the coin is again slipping down.

The traders are recommended to stay put for a while until there is a visible price rally in the coin.