As most cryptocurrency markets are exhibiting bearish momentum this past week, EOS is no different. After peaking at $7.50 last month, the cryptocurrency roughly halved in price currently trading at $3.81 at the time of writing. Compared to other cryptocurrencies EOS had one of the most significant price variations as it both doubled and halved in price in the past 2 months.
EOS Price News
Regardless of the crypto’s price, EOS has recently been added to CoinCola, which is essentially the Asian version of LocalBitcoins. It’s always good to see more use cases for any cryptocurrency as that increases demand for the token, ultimately providing positive momentum to its market.
In other news, Coinbase is giving out $10 in EOS right now for completing various surveys. It takes under 10 minutes to complete the survey and who doesn’t want some free tokens? There is a catch, and that is you have to join a waitlist for when you can start earning free EOS tokens, to reserve your spot now visit this link: https://www.coinbase.com/earn/eos (it’s not a ref link if you’re wondering)
EOS Price Analysis
Relative Strength Index: The RSI is currently at 33 points, right at the bottom threshold. This means the market is hovering in the oversold stage meaning that either a trend reversal or sideways trading is expected in the next 24-48 hours.
Bollinger Bands: The priceline is closer to the lower end of the bollinger bands which also signals a potential bullish reversal upcoming. Moreover, the priceline is below the MA which is another indicator of upcoming bullish momentum.
EOS Price Prediction
Both the RSI and BB are signalling either sideways trading or a bullish reversal upwards. However, we also have to keep in mind that EOS is following Bitcoin’s movement. As such, if BTC/USD makes any sudden moves upwards or downwards EOS will follow suit.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.