Here is the entire trading history of EOSUSDT, which is 5.5 years from mid-2017 to the present. At different stages of its existence, EOS was called a know-how breakthrough in the crypto industry and the "Ethereum killer". They announced the creation of a bank and crypto exchanges based on EOS and much more. But such a news background and marketing did not help. In fact, the EOSUSD price is in a clear downtrend for the last 19 months. Probably, the 20th month will still be under the red trend.
However, in general, the first signals for a possible upward trend are appearing in the cryptocurrency market.
The EOS price has now stopped at a strong, one might say mirror level, because it was first tested for strength back in 2017. In 2022, the liquidity zone of $0.80-0.85 has already withstood a blow from above three times. If there are still people in the crypto market who are interested in EOS, then it's time for them to take their heads and start aggressively buying. Because under this liquidity zone left only -40% to the absolute price minimum.
But let's try to think positively and repeat like a mantra: EOS is a necessary and working crypto project. ) In this case, EOS will be bought, and the first task of buyers is to break through the red trend line. Therefore, the first growth target is $1.35 The next task of the extremely difficult quest of EOS buyers will be to consolidate above $1 and on the other side of the red trend line. And only after all these conditions are met, you can start dreaming and fighting for the growth of the EOSUSDT price to the liquidity zone of $1.95-2.05
Do you believe in the growth of EOS ?)
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I believe a lot in EOS and I know that we will still have many good surprises. It has dropped more than 50% in the last four months. When it rises again, it will exceed $3.
Is this coin is washed out and dying slowly, or can this coin reach the previous ath of $22.89 per CMC. What you think? Currently ranked #38 on CMC... I feel compelled to ask cause this price is already pretty low for a Network/platform coin.
P_S_trade
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@cryptospawn, we do not have an answer to this question
cryptospawn
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@P_S_trade, Any recent hacks to the EOS network, or major changes within the leadership? I'm trying to answer your question at the end of your post. The lifetime chart looks good with no sudden drops that cannot be explained. It only shows the usual bull run spikes and return to median. I think I would prob buy and hold until the next bull run and see where it goes. The RR ratio looks better with EOS than most other alts actually!
P_S_trade
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@cryptospawn, To be honest, we don't follow fundamental and other Eos news very much. But the fact that the price holds well for several days/weeks is a fact. Sometimes significantly better than other altcoins.
astoinis
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Nah we going lower first.
KlejdiCuni
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Very good trading plan. Thanks for sharing with us.