Home Technical Analysis Will EOS Price Manage to Break Away from the Bear Momentum?

Will EOS Price Manage to Break Away from the Bear Momentum?

EOS coin has been going through a lot of fluctuations in the ongoing bearish sentiment in the market. The currency was at a high then went below the baseline and now has slowly again moved in the upward direction over the past few days. The 3-month price chart indicates the price movements for the coin in the range between $2.42 – $3.91.

EOS Price Analysis

EOS coin was continually trading with huge volatility from the 3-month price trend. The price was trading at $3.6839 on November 05, 2019. It fell further to $2.4572 on November 25, 2019, showing a huge downward movement of 32.78%. Then on December 08, 2019, the price went up to $2.7633 by 12.19% hike.

With the bear pressure looming large over the currency, the price of EOS again fell to $2.4255 on January 02, 2020. The price of EOS is trying to get back to its stable upward momentum, as witnessed by the massive price upsurge to the extent of 61.23% on January 17, 2020, when it rallied to $3.91065.

EOS News

Today, at the time of writing, the coin was trading at $4.0625. It needs to be now seen whether the price of EOS will be able to maintain this upward momentum or reverse the trend in the upcoming days.

The EOS price has been trying to get out of the bear momentum. The past few days have brought some respite from the bear pressure. Analysts are expecting the currency to stabilize during the year and EOS price to follow suit and regain its stable upward momentum in the near-term. Investors can continue to hold on to their investments as EOS price is expected to stabilize during the year.

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

AUD/USD Caught in a Choppy Market; Yet Remains Afloat Above 61.8% Fib

Aussie Dollar extends its dip against the greenback as the global crisis, and economic crash digs deeper losses in the market We are...

IOTA Foundation Hires Bill Acha; Partners With TradeMarkEastA to Provide Efficient Audit Trail

IOTA Foundation has announced the news about the entry of a new member, Bill Acha, in its core ecosystem. Bill Acha shall be delivering...

EUR/USD Maintains a Bullish Streak as it Retraces a 10-day High

EUR/USD bounces to a 10-day high as it retraces above 1.10 to the high of 1.11473 as it retains support from 50-day and 200-day...

USD/CAD Extends the Dip as Crude Oil Faces Intraday Pullback

USD/CAD drops below 50-day and 200-day moving average due to intraday pullback in the price of WTI crude oil. The pair has retested 1.40...

Binance Launches “Binance Card”; Now Shop and Pay Crypto Anywhere

Binance is excited to launch the Binance card and take crypto adoption one step further. Binance has always been aiming to bring new products...