Bulls Resilient Against EOS Bears as $2 Support Level Holds -Breaking
[ad_1]
Bulls Resist EOS Bears to $2 Support Level Holds- Its price dropped by 8.93% against the US dollar over the past 24 hours to $2.06.
- EOS’s value against Bitcoin and Ethereum has declined more than 7%, and EOS is now less valuable against both.
- It is likely that bulls will keep fighting EOS bears looking to lower the price to $2.
EOS saw a 8.93% price drop against the US Dollar in 24 hours. This brought its value down to $2.06.
CoinMarketCap says that EOS experienced a 24-hour price drop, which is nearly half the seven-day drop it had over the past 7 days.
EOS also suffered against Bitcoin (BTC), Ethereum (ETH), and fell more than 7% each against the other coin. One EOS equals 0.00005401 BTC, and 1 EOS equals 0.00074 ETC at the time this article was written.
The 24-hour trading volume has seen a 6.77% rise to bring the market capitalization up to $509,405,194.
Yesterday, the EOS price dropped to support levels (Source: TradingView).
EOS’s daily chart showed that EOS dropped dramatically below $2.00 but rebounded to close slightly higher than $2.00. It has briefly consolidated near the $2.00 support.
EOS 14 is oversold/overbought according to the relative strength index (RSI), which indicates that price movements in the next days could be in any direction.
EOS’s most recent dip below $2.00 occurred in April, when EOS traded at $1.95 during the bullish move to $2.70.
All of the bullish movements that occurred in response to the recent price test of $2.00 were followed by the previous two occasions. Given that the most recent attempt made yesterday by the price was met with a strong bullish resilience, it’s fair to say that bulls will continue to fight to maintain this support level at the very least.
[ad_2]