- EOS exhibits 1.37% hike over the last 24 hours
- It may soon touch the next resistance $4.27
EOS seems to have brought intraday stability over the last 24 hours. At the time of writing, the price was trading around $3.8. In this period, it has managed a hike to the extent of 1.37%. The currency is likely to see a bullish trend soon.
EOS Price Analysis
EOS opened the day at $3.783, and over the next one and a half hours, it encountered a fall of 6.48% that took the price to $3.538 from $3.783. It was followed by a huge hike of 10.01% that added $0.354 to the value and pushed EOS price to $3.892 by 17:37 UTC. However, the coin couldn’t sustain its value at this high for long. At 17:37 UTC, the currency started weakening, and in the next 7 hours, the coin registered a price decline of 3.33% and got down to $3.764.
EOS’s current price at $3.835 has managed a lead over its 50 days MA ($3.82). However, it is yet to catch up to the 20 days MA ($3.837). As per Trade99’s analysts, the currency is likely to retain this stability for a while, and it may soon see a decent increment. The next resistance seems likely at $4.27. However, it may not be able to shield itself from the market volatility completely.