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.
EOS Price prediction
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.
Legal Disclaimer: The content of this website (bcfocus.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on bcfocus.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Bcfocus.com does not accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to the website.
Image via Shutterstock
Join our Telegram group