EOS was among the worst-hit top cryptocurrencies this Thursday as bitcoin and altcoin market fell in tandem.
The eighth-largest blockchain asset fell by circa 12 percent to $3.99, according to CMC’s 24-hour adjusted timeframe. The move downhill pushed EOS’s market cap to $3.82 billion. At its 2020 top, the valuation was over $5.15 billion. The price action showed that traders are using the local tops to take out short-term profits.
EOS/USD pushed down by increasing selling pressure at YTD top | Source: TradingView.com, BitFinex
The drop in the EOS price also appeared in the wake of a broader market correction. It began with the top cryptocurrency Bitcoin that plunged by more than 5 percent in the last 24 hours. The same period saw other top assets logging intraday losses, with the Ethereum and XRP each dropping by more than 7 percent.
Coins with optimistic short-term bullish scenarios also failed to hold gains. Both Bitcoin SV and Bitcoin Cash dived by 7 and 9 percent, respectively almost a month ahead of their halving.
On the whole, the crypto market lost about $19 billion in the last 24 hours.
Medium-term Support Intact
The EOS price drop identified reasonable interim support at its 50-daily moving average (bold-blacked). The cryptocurrency yesterday fell briefly below but came back above it quickly. The same effort appeared today wherein the 50-DMA capped EOS from going into a deeper bearish correction.
EOS/USD testing 50-DMA as interim support | Source: TradingView.com, BitFinex
The asset also received additional support from its 50% Fibonacci retracement level near $3.82. At best, it could bounce back test $4.22 as interim resistance – and a further push upward could extend the bull target towards $4.70.
Meanwhile, failing to uphold either the 200-DMA and $3.82-support could result in additional declines towards the 200-DMA – which coincides with the 61.8% Fibonacci level of $3.43 and medium-term support offered by the Ascending Trendline (in green). Traders could re-accumulate at what appears to be a very-converging downside target.
EOS in Artificial Pump?
According to Jacob Canfield, one of the most prominent cryptocurrency analysts, all the altcoins, including EOS, are undergoing a parabolic bull run. He noted that PlusToken, a Ponzi scheme that looted about $3 billion off its investors, could be using part of its steal to pump the altcoin market, including EOS.
Mr. Canfield specified that scammers could attempt to push the EOS prices higher, partly because part of their steal has about 26 million EOS tokens. That said, artificially pumping the cryptocurrency could yield better profits for them – or they might be at it ever since EOS started registering gains last year.
“What I’m watching is for those PlusToken coins to move. Potentially, that could be a tapping indicator of the altcoin market,” Mr. Canfield said, adding that he is not entering fresh short positions in the EOS market. origin »
Bakkt is finally open for futures trading, but Bitcoin’s spot market doesn’t seem to have taken notice. Average spot prices for the leading cryptocurrency have again fallen below $10,000.
EOS/USD Medium-term Trend: Bullish Resistance levels: $ 6. 50, $7. 00, $7. 50. Support levels: $4. 00, $3. 50, $3. 00. Last week the price of EOS was in the bearish trend zone after the downward correction.
EOS/USD Medium-term Trend: Bullish Resistance levels: $ 6.50, $7.00, $7.50. Support levels: $5.00, $4.50, $4.00. Last week the price of EOS was in a bearish6 trend. The price of EOS has reached the oversold region of the market as the buyers emerged from a low of $3.30 price level. The EOS market fell to the […]
Bitcoin’s market prowess grew by 10. 4 percent during Q2 2019. According to CoinGecko’s Quarterly Report for Q2 2019, the world’s most famous cryptocurrency increased its dominance from 54. 6 percent to 65 percent during the specified time period.
The price of EOS is approaching the low of $4. 60 which was the previous low of April 25. At the 12-day EMA, the price fell to the low at $4. 40 and commences a range bound move below the EMAs. EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6. 50, $7. 00, $7. 50 Support levels: $5. 50, $5. 00, $4. 50. Yesterday, July 2, the price of EOS fell to its low at $5. 88 and commenced a sideways trend.
On the upside, if the $8. 0 resistance level is broken, the crypto's price will rise to reach a high of $8. 50 or $9. 00 price level. The crypto's price fell to the support of the 0. 382 (38. 2%) Fib.
The price also fell to the 0. 236 and 0. 382 retracement levels which are the continuation zone of the Fibonacci retracement levels. On the upside, the market has reached the overbought region of the daily stochastic which indicates that price is in a bullish momentum and strong buying signal.
By CCN. com: In the past 24 hours, the bitcoin price fell 2. 16 percent against the U. S. dollar from over $5,600 to $5,422 as the crypto market slightly retraced. The valuation of the crypto market fell from $181 billion to $176 billion, by more than $5 billion on a single day.
Yesterday, the bulls broke the $4. 40 resistance level as the price reached the $5. 17 price level. The price fell to the support of the 12-day EMA as the bulls resumed another bullish trend. EOS/USD Medium-term Trend: Bullish Resistance levels: $ 6, $7, $8.
Bithumb Loses $19M in XRP, EOS On Friday, rumors arose that Bithumb, South Korea’s largest crypto exchange, fell victim to a sudden hack. Hours after Bithumb’s deposit and withdrawal services were suddenly shut down, Primitive.
China Electronic Information Industry Development (CCID), which operates directly under the Ministry of Industry and Information Technology of China, released its crypto rankings for March, featuring top 35 crypto assets in the likes of Ethereum, Bitcoin, EOS, TRON, and Ontology.
The Centre for Information and Industry Development in China (CCID) has updated its monthly crypto project rankings. Following the update the top three spots on the list of most promising public blockchain-based assets are compromised of the Ethereum network (ETH), Tron (TRX), and EOS, whilst Bitcoin (BTC) fell on the list.
The price of EOS fell at the low of $3.58 and commenced a range bound movement. On the other hand, if the bulls break the EMAs, the crypto’s price will rise and retest the $4.0 resistance level. EOS/USD Medium-term Trend: Ranging Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, March 13, […]
The total crypto market cap is holding the key $120. 0B support, but it remains at a risk of more losses. EOS price fell more than 5% and it broke the $3. 50 and $3. 40 support levels. Binance Coin (BNB) outperformed and rallied more than 8% above $12.
In the last 24 hours, the Bitcoin price dropped from $3,874 to $3,764 by 2. 8 percent, leading major crypto assets such as Ethereum and EOS to lose well over 5 percent of their value against the U.
EOS/USD Medium-term Trend: Bullish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Last week, the price of EOS was in a bullish trend. On February 14, the bears broke the 12-day EMA and the 26-day EMA as the price fell to the low of $2.78. The following day the bulls took control […]
EOS/USD Long-term Trend: Ranging Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. The EOS/USD pair had been in a bearish trend zone after an initial range bound movement. In the month of January, EOS traded but fell from $2.
EOS/USD Long-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. The EOS/USD pair had been in a bearish trend zone since January 10. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $2.45 . The crypto’s price further depreciated to […]
EOS/USD Medium-term Trend: Ranging Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, February 6, the price of EOS was in a bearish trend. Yesterday, the bears broke the 12-day EMA and the 26-day EMA as the price fell to the low of $2.34. The bulls held unto the $2.34 price level […]
Total market capitalization remained at $114 billion this week. Stellar was hit really hard, falling 15 percent last week. Tron had to relinquish last week’s gains, while Litecoin saw another uptick.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, the price of EOS was in the bearish trend zone. The price of EOS has fallen to the previous low.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, the price of EOS was in the bearish trend zone. The price of EOS fell to its previous low at $2.
EOS/USD Medium-term Trend: Ranging Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, January 21, the price of EOS was in the bearish trend zone. Since on January 13, the price of EOS had been ranging between the levels of $2.
EOS/USD Medium-term Trend: Bullish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, January 14, the price of EOS was in the bullish trend zone. The price of EOS fell to its low at $2.
EOS/USD Long-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. The EOS/USD pair was in a sideways trend in the last two weeks. On December 23, the bulls reached the high of $3.
A look at the 3-day chart in logarithmic form shows that price broke the long-standing support at $4 and promptly fell to the main area of support close to $1. 5. A quick rally ensued, and the price is now trading at around $2.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, December 27, the price of EOS was in a bearish trend. Yesterday, the crypto’s price fell to the low of $2.
EOS/USD Medium-term Trend: Ranging Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, December 26, the price of EOS was in a bearish trend. Since on December 25, the crypto’s price fell to $2.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8 Support levels: $3, $2, $1 Yesterday, December 25, the price of EOS was in a bearish trend. On December 25, the crypto’s price broke the 12-day EMA ,the 26-day EMA and fell to the low of $2.59. The crypto’s price made a bullish movement to […]
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, December 24, the price of EOS was in a bullish trend. The crypto’s price reached the high of $3.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, December 13, the price of EOS was in a bearish trend. The cryptocurrency reached the high of $2.
EOS/USD Medium-term Trend: Ranging Resistance levels: $ 6, $7, $8 Support levels: $3, $2, $1 Yesterday, December 11, the price of EOS was in a sideways trend. The crypto's price fluctuates between the levels of $1.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8 Support levels: $3, $2, $1 Yesterday, December 10, the price of EOS was in a bearish trend. On December 7, the crypto’s price fell to the low of $1.
EOS/USD Medium-term Trend: Bullish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Last week the price of EOS was in a bearish trend. On December 7, the crypto's price fell to the low of $1.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, December 6, the price of EOS was in a bearish trend. On December 5, the crypto's price fell to the low of $2.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, December 5, the price of EOS was in a bearish trend. Yesterday, the crypto's price fell to the low of $2.
EOS/USD Long-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. The EOS/USD pair was in a bearish trend in the month of November. On November 1, the price of EOS had an opening balance of $5.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $3, $2, $1. Yesterday, November 29, the price of EOS was in a bearish trend. The crypto's price broke the 12-day EMA and fell in a downward trend.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $4, $3, $2. Yesterday, November 27, the price of EOS was in a bullish trend. On November 27, the crypto's price fell to its all-time low of $2.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $4, $3, $2. Last week the price of EOS was in a bearish trend. The crypto was trading above the $5. 20 price level in a bearish trend.
EOS/USD Medium-term Trend: Ranging Resistance levels: $ 6, $7, $8. Support levels: $4, $3, $2. Yesterday, November 21, the price of EOS was in a sideways trend. On November 20, the digital currency fell to the low of $3.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $4, $3, $2. Yesterday, November 19, the price of EOS was in a sideways trend. Yesterday, the 12-day EMA resisted the bearish candlestick and price fell to the low of $4.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $4, $3, $2. Yesterday, November 14, the price of EOS was in a bearish trend. The crypto's price was resisted by the 12-day EMA and price fell to the low of $4.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $5, $4, $3. Yesterday, November 13, the price of EOS was in a bearish trend. Yesterday, the crypto's price broke the 12-day EMA and the 26-day EMA and fell to the low of $5.
EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $5, $4, $3. Yesterday, November 7, the price of EOS was in a bearish trend. The crypto’s price reached the high of $5.
EOS/USD Medium-term Trend: Bullish Resistance levels: $ 6, $7, $8. Support levels: $5, $4, $3. Yesterday, November 5, the price of EOS was in a sideways trend. Yesterday, the price fell to the low of $5.
EOS/USD Medium-term Trend: Ranging Resistance levels: $ 6, $7, $8. Support levels: $5, $4, $3. Yesterday, October 30, the price of EOS was in a bearish trend. The digital currency fell to the low of $5.
EOS/USD Medium-term Trend: Ranging Resistance levels: $ 6, $7, $8. Support levels: $5, $4, $3. Yesterday, the price of EOS was in a bearish trend. The digital currency was fluctuating above $5. 42 before the bearish breakout.
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