Home Technical Analysis Will EOS Continue to Bask in the Glory of Its Stable Upward...

Will EOS Continue to Bask in the Glory of Its Stable Upward Run?

EOS coin has been giving the bears a tough time and trying to push its price in the upward direction. The past one-month price trend for EOS has seen the price continually trying to maintain an upward momentum under strong bear pressure with the price trading in the range of $2.93 – $4.58.

EOS Price Analysis:

EOS price was below the baseline during the starting of the month, but with its consistent performance, the currency managed to move in the upward direction. The price of the EOS coin price was at a low of $2.9308 on January 11. The coin managed to have a hike to the tune of 35.38% at $3.9660. The bears continued to exert pressure on the coin price, and it fell to $3.3979 on January 24. With great effort, the coin managed to move in the upward direction and reached $4.3192 on January 30 by a massive hike of 27%.

EOS Price Today

There was a slight fall in the price on February 04, and it reached $4.1017 showing a downward variation of 4.96%. On February 07, the currency again had a price rally and reached $4.5884, the upward movement is to the extent of 11.87%. At the time of writing, the EOS price touched at $4.7581 showing an upward movement of 3.70%.

The EOS price is having a good run from the starting of this new year. Current investors can add to their existing investments as the crypto market is expected to get better during the year. Day traders can make decent gains as the coin has been going on an upward momentum since last month.

Felicia Learned
Felicia Learned
Felicia well-known for her writing skills works as a content writer lead in our team. She also has a deep interest in forex, Finance & cryptocurrency funds and guides people dealing with a cryptocurrency exchange. She loves reading finance blogs in her free time. For any issues, you can contact her through email: felicia@forexnews.world.

Must Read

Export Retention Standardized for All Sectors by RBZ

The Reserve Bank of Zimbabwe announced on August 21 that it had set the threshold for foreign currency retention at 70% for all exporters....

Bitmax confirms that COTI is available for Fiat purchase

COTI is the 1st blockchain protocol in the world that has been optimized for decentralized payments. It has been specifically designed to be used...

Fiscal Stimulus of $306 Billion to Revive the Power Distribution Sector of India

The Covid-19 pandemic has brought the power distribution companies (DISCOMS) in India to their knees. They are currently facing massive cash flow problems and...

Dollar Moves Higher Due to Positive Sentiments in the Currency Markets

The dollar moved higher today, snapping a seven week-long losing streak. It was supported by stronger jobs data and global currency market demand for...

No Consensus by Lawmakers on U.S Fiscal Package—Dollar Takes A Hit

As U.S lawmakers, the Republicans and the Democrats fail to reach a consensus on the way forward for an economic stimulus package, the dollar...