EOS coin has faced a bottleneck on the last day and dropped its value by 1.01%. These sudden movements take the price near-weekly critical support area around $3.5. However, yesterday it went as high as $3.73. This creeping volatility is likely to stay with the currency for some more days.
EOS Price Analysis
EOS coin opened the day at $3.649, and its first swing started at 00:27 UTC. In the next 2 hours, the currency got down from $3.667 to $3.584, the lowest point for the day. At 02:53 UTC, the coin price started strengthening, and by 07:23 UTC, the price soared high by 4.16% and got placed at the top position of the day: $3.733. EOS couldn’t sustain this bullish ride for long and started moving downhill soon. By 01:37 UTC today, the currency lost 3.45% value and touched $3.605.
EOS’s both the current price and its 20 days MA are at $3.612. Its 50 days MA ($3.619) has managed to fetch a lead over the two figures. Hence, as per the current placement, the on-going volatility is likely to be continued for some days. And as per eos coin price prediction and the current trend, the EOS price may soon breach the weekly support area $3.49.
| EOS | Resistance and Support Levels |
| 1st Resistance | $3.71 |
| 2nd Resistance | $3.77 |
| 3rd Resistance | $3.82 |
| 1st Support | $3.6 |
| 2nd Support | $3.55 |
| 3rd Support | $3.49 |