Altcoins News
By Steven Anderson
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Over the past 24 hours, EOS has been reporting a 6% loss. Investment in this token holds good for long-term traders. Intraday traders might not be able to make a profit.
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EOS is one of the most prominent blockchain projects. The major target of EOS is to run decentralized applications that are fast.
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EOS has been trading at $3.0743, and it was down by 10.95%. The price decline let the EOS's market cap down to $3.122B.
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At present, the price of the EOS is at $3.5, which is the current monthly high. The price of the cryptocurrency increased by 2.37%, and now it is trading in the $3.47 level.
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The EOS/USD pair has gained support near $3.4 and at $3.2. If the price would go through a correction below this support level, then the next low might be at $2.5.
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The cryptocurrency is currently showing a bearish movement in the hourly chart. If the price would stay well above the $3 mark, the EOS market might bounce back to $3.65.
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Key resistance levels are seen at $3.65, $4, and $4.6, respectively. Key support levels are seen at $3.2, $2.9, and $2.5, respectively.
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EOS continues in its mission to support large-scale applications.
The Currency Analytics
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