The $9 hope of EOS: EOS technical analysis and price prediction

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July 6, 2018 by
The $9 hope of EOS: EOS technical analysis and price prediction

EOS presented a decrease versus USD at the start of the day. It has a typical day-to-day trading quantity of $46M. It has actually shed over 4% of its value considering that yesterday. EOS  is presently trading at $8.62 with a market cap of $7.7 million. The coin has been exhibiting a downtrend for the past 6 months.

EOS is experiencing vendor pressure currently. It found support at $8.37 as well as is presently showing a surge in costs. The cryptocurrency went to a peak of $9 on June 4 yet declined to $8 ever since. It is cutting gains and shows no promises for an outbreak in the resistance level mapped at $8.8.
See Also: Former Jefferies Asia CEO Mike Alexander to lead’s US$1 billion EOS VC venture

Moving in sync with various other cryptocurrencies, the digital currency is additionally trading at a loss versus bitcoin. Currently, one EOS is equal to 0.00131552 BTC. It is trading muddle-headed of 3.44% versus BTC.

EOS Price prediction
Inning accordance with Cryptosphere, the projection by end of the fiscal year 2018 is around $ 37. In a similar way, the five-year forecast is around $ 143. According to Walletinvestor, the coin’s rate could increase from 8.633 USD to 23.823 USD in one year. In five years the rate is anticipated to be 93.604 USD.

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A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website 1Bigbitcointeam.

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