nulltxmark

EOS Price Analysis - Biggest Loser Today

Short
COINBASE:EOSUSD   EOS/USD
  • Relative Strength Index: The RSI is currently at a healthy 41 points. This means the market is ready to recover and at the very least continue trading sideways.

  • Bollinger Bands: The price is within range but is quite close to the lower bollinger band . This means that EOS can still drop a few percent before bouncing back up.

  • Volume: The volume is still there but is winding down fast. If the volume decreases further, that will be reassurance for a sideways market. Until then, be ready for another drop.

EOS Price Prediction

While the RSI seems relatively stable, BBs are showing that there still is a chance for a slight drop. All eyes are on the volume right now, if that drops down further then the chances of sideways trading increase.

My prediction is that EOS will dip again very slightly to $2.82 before making another attempt at recovery. This is assuming Bitcoin remains stable as well.

Read Full EOS Price Analysis and Prediction - Cryptomode