EOS Records a 0.95% Slump, Struggle to Continue for Some Days

• EOS loses 0.95% in the last one day
• It may find the next resistance at 2.971 USD

EOS has not been able to fetch any significant growth over the last 24 hours, and the loss percentage in this period stands at 0.95%. Its three major price shifts have given a range between 3.020 USD and 2.871 USD.

EOS Price Analysis

EOS opened the day trading around 2.927 USD, and in the initial hours only, it lost 0.58% to reach 2.910 USD. The next swing was an addition in the value between 02:22 UTC and 16:04 UTC, which led EOS to trade at 3.020 USD, marking the highest for the day. From there, EOS started weakening, and in the next 7 hours and 13 minutes, it lost 0.149 USD to touch 2.871 USD.

The market cap of EOS, however, has shown a different path than its price trend. The market cap of EOS on October 22 stood at 2.721 billion USD, and it has risen to 2.732 billion USD today.

EOS’s 50-day average stands at 3.296 USD, and the 20-day average is now at 3.013 USD. The current price trend is at 2.899 USD, and this is 12.04 % and 3.78% less than the 50-day and 20-day moving average, respectively. EOS’s next halt may come at 2.97 USD.