EOS price movement has reflected bullish influence since the beginning of this year. The last 2 months brought improvement at a heavy pace. On January 01, the price was at $2.58 and in the next few days, the price was spotted at $5.48. However, yesterday, EOS faced a sudden sharp fall, and the downside movement continued for the coin. Today, the currency has dropped to $4.09. The traders need to be patient and the current pressure would lift soon.
EOS/USD Price Chart:
Yesterday, the EOS coin was spotted at $4.73 during the opening hour. The next 3 hours observed improvement and the price counter touched $4.84 by 2.40% hike. Thereafter, the coin price dribbled and touched $4.32 at 15:24 UTC. Later, EOS reflected a marginal escalation of 3.09% and the price reached $4.48. Then, suddenly, the currency dropped to $4.05 by a massive fall of 9.9%. From this low, the price recovered to $4.31 at 18:20 UTC and then, it locked around $4.22 for a while. Later, the price picked up the pace and touched $4.40. The intraday movement in EOS reflected a 7.05% regression in the price.
Today, EOS price dropped to $4.04 during the first 4 hours from $4.40 by 8.22% drop. From this low, the coin picked up the pace and touched $4.31 but again dropped and hit $4.09 level. As per Trade99’s analysts, EOS coin may trade downwards and breach the next support around $4.07 soon. The coin is quite close to the immediate support level and the possibility of breaching crucial support $3.7 is also ripe.