The EOS price has been showing great grit in putting up with the ongoing bearish pressure in the crypto market. Even now, the price has been under continual bear pressure, but the coin has managed to stay ahead of the race with a strong performance over the past five days. The coin managed to stay mostly in the upper range with the price trading in the range between $3.43 – $3.73.
EOS Price Analysis
The EOS price has taken the lead in the upward range over the past five days through the strong bear pressure was very much visible. The price started at a high of $3.6195 on January 19. It slid to $3.4786 on the next day showing a downward movement of 3.92%. On the same day, however, the price of EOS coin managed a recovery to the tune of 6.01%. The bearish pressure got too strong to resist and the price again slid to $3.5341 on January 21, the downswing being at 4.13%. After this drop, the coin reflected upside movement and the price reached $3.7292 showing an upswing of 5.55%.
Yesterday, the price of the EOS coin again went down to $3.4347, showing a downward variation of 7.90%. Then, in the next 8 hours, the coin managed to take a push in the upward range at $3.6807 showing a rally to the extent of 7.16%. Today the price has fallen to $3.5710, and the downward swing is at 2.98%.
The EOS price has this year managed to put up a brave front against continual bear pressure. Analysts welcome this positive trend and feel that if EOS can hold up to this trend for some more time, then the price will have a stable upward momentum in 2020 bringing cheers to the investor community.
Current investors should wait with some more patience as the crypto market is expected to show stability during the year. Day traders can expect to make decent gains even under the current volatility.