EOS is in recovery mode with the rest of the market. A sustainable movement above $4.30 is needed to improve the longer-term picture. EOS is changing hands at $3.44 at the time of writing, of the Sunday’s low of $3.08. The coin has gained over 8% in recent 24 hours, which is a Dutch comfort for the coin that lost over 36% of its value in two weeks. EOS briefly de-throned Bitcoin Cash from the 4th position in cryptocurrency rating provided by CoinMarketCap. However, the victory was short-lived as the coin is back at the 5th place with the market value slightly over $3B at the time of writing. Moreover, Stellar is at its heels, threatening to push EOS to the 6th position. EOS’s technical picture From the longer-term perspective, EOS/USD is capped by DMA5 at $3.55. Once it is cleared, the recovery may be extended towards the next crucial resistance at $4.30. This is the previous low reached in the middle of August, followed by DMA50 at $5.00 and DMA100 at $5.0. On the downside, the support is created by Sunday’s low at $3.08. A sustainable move lower will darken the technical picture and attract more sellers to the market. Potentially, the collapse may be extended towards 2.0 and 1.9, which is the lowest level since December 2017. EOS/USD, the daily chart . FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next UK PM Theresa May reported to plan parliament vote on Brexit deal on December 12 FX Street 4 years EOS is in recovery mode with the rest of the market. A sustainable movement above $4.30 is needed to improve the longer-term picture. EOS is changing hands at $3.44 at the time of writing, of the Sunday's low of $3.08. The coin has gained over 8% in recent 24 hours, which is a Dutch comfort for the coin that lost over 36% of its value in two weeks. EOS briefly de-throned Bitcoin Cash from the 4th position in cryptocurrency rating provided by CoinMarketCap. However, the victory was short-lived as the coin is back at the 5th place with the market… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
