The $9 hope of EOS: EOS technical analysis and price prediction
EOS displayed a decline against USD at the beginning of the day. It has an average daily trading volume of $46M. It has lost over 4% of its value since yesterday. EOS is currently trading at $8.62 with a market cap of $7.7 million. The coin has been exhibiting a downtrend for the past six months.
EOS is experiencing seller pressure at the moment. It found support at $8.37 and is currently showing a rise in prices. The cryptocurrency was at a peak of $9 on June 4 but declined to $8 since then. It is trimming gains and shows no promises for a breakout in the resistance level traced at $8.8.
Moving in sync with other cryptocurrencies, the digital currency is also trading at a loss against bitcoin. Currently, one EOS is equal to 0.00131552 BTC. It is trading at a loss of 3.44% against BTC.
According to Cryptosphere, the forecast by end of the calendar year 2018 is around $ 37. Similarly, the five-year forecast is around $ 143. According to Walletinvestor, the coin's price can go up from 8.633 USD to 23.823 USD in one year. In five years the price is predicted to be 93.604 USD.
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