EOS [EOS] Technical Analysis and Price Prediction 2018, 2020 22752
Analysis
Priyanka Babu
Sep 11, 2018 at 12:03 AM

The crypto market is affected by a bearish trend. Top nine coins on the cryptocurrency list are all losing in the market with Ripple's XRP is dipping over 6%.  EOS [EOS] prices are battling sellers to gain an uptrend and can be seen fighting to stay above $5.1.

EOS/USD

EOS prices were trading above $6 before the crypto market crash of last week. The coin was trading below $5 after the crash. The prices prices is on the road to recovery as they have started trading in the bullish trendline. Currently, the coin is facing resistance at $5.15. The prices found support at $4.9 however, an increasing seller pressure seems to breaching the support level.

EOS [EOS] Technical Analysis and Price Prediction 2018, 2020-BCFocus

 

EOS/BTC

The virtual asset had lost 1.56% in value against BTC at the time of writing. Currently, one EOS is equivalent to around 0.000790 BTC.

EOS [EOS] Price Prediction 2018, 2020

  • InvestingPr has predicted that the digital asset could hit a high of $150 by the year 2020.
  • According to Smartereum, experts believe expect the coin could hit $37 by the end of this year. The five-year forecast for the crypto is set at around $143.
  • CoinSwitch expects the virtual currency to hit $11 by the end of this year. Many predict that the price will reach $95 by mid-2020, after which it likely decline and end the year by falling to $56.25.

EOS [EOS] Latest Updates

  • Ledger, which provides security and infrastructure solutions for cryptocurrencies, said on Tuesday that it would now support EOS on its hardware wallet Ledger Nano S along with six other digital assets. The company, which also develops blockchain apps for individuals and companies, has a practice of releasing new third-party coin apps on the first Tuesday of every month.
  • OKeX has announced the introduction of the margin trading pairs EOS/USDT and EOS/BTC  on its exchange. OKEx mentioned that the move was taken to meet the public demand and increase the liquidity of EOS.
  • The EOS blockchain project is trying to attract new users to its platform. EOS New York announced on Thursday that 15 block producers including EOS New York have approved a new protocol update. The update called EOS 1.2.1 will reduce the account opening costs for new users by 25%.

See Also: EOS (EOS) to receive liquidity boost with OKEx margin trading

                  Cryptocurrency market crash; speculations suspect market manipulation

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