EOS Records a Bearish Week; Lost 13.82% Value

• EOS’s value has been tapered off by 13.82% in the last seven days
• It may witness a decent recovery in the medium-term, and the resistance point is expected at $4.71

EOS has been through a massive contraction over the last seven days. The current value roams below $5 mark despite a strong recovery of the last 3 days. As per the current momentum, the price may breach $5 again in the upcoming days.

EOS Price Analysis

EOS coin has started the last week on a bullish note, and on February 12, EOS was trading at $5.28. It continued to trade with a moderate movement for the next three days. On February 15, the currency marked 14.11% fall and the price reached $4.54 from $5.28. After this huge fall, EOS price again faced a massive drop of 17.53% and its value deducted by $0.852 between February 16 & 17. Then, the currency has started a price recovery and EOS price reached $4.58 by 14.30% hike.

EOS’s market cap has followed a similar path over the last week. On February 12, the market cap stood at 5.099 billion USD, and over the last seven days, it has been dropped to 4.337 billion USD.

The current price at $4.557 is supported by the 20 days MA ($4.549). However, it is lagging behind the 50 days MA ($4.573) by a marginal difference. As per the MACD indicator, EOS currency may trade upward and recover from previous losses. As per EOS future price prediction, the coin may soon reach the next resistance point of $4.71.