High volatility in the crypto market hinders adoption. EOS rejection at $5.5 culminates in bear movements towards support $5.4. The volatility levels in the market are beginning to change the direction. Digital assets have in the last couple of months suffered under decreasing trading activities. The high volatility in the market hinders adoption in the mainstream financial sectors but is a big attraction to speculative traders and investors. Bitcoin (BTC) volatility levels are below $100; hitting an 18-month low, see the story here. The rest of the cryptocurrencies, specially the top 20 assets are trading in tandem with Bitcoin with most stuck in bear ranges unable to make significant headway. EOS, for instance, has been stable above $5.4 but on the upside a cap prevents gains above $5.5. According to the Bollinger bands on the hourly chart, price volatility has increased in the last 24 hours. EOS made a nice bullish swing on Friday zooming above the moving average resistance. Nonetheless, the bulls failed to retrace above $5.5 with the trend culminating in an ongoing gain trimming activity. EOS is changing hands at $5.42 with the upside immediate restricted by the 50 SMA. The price is heading for the support at $5.40, besides the stochastic is heading south, conforming the bears tight grip. EOS is likely to correct lower and touch $5.00 as opposed to recoiling higher above $5.5. EOS/USD 60′ 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 EUR/USD Technical Analysis: Euro reverses daily losses as bulls set their eyes on 1.1400 figures FX Street 4 years High volatility in the crypto market hinders adoption. EOS rejection at $5.5 culminates in bear movements towards support $5.4. The volatility levels in the market are beginning to change the direction. Digital assets have in the last couple of months suffered under decreasing trading activities. The high volatility in the market hinders adoption in the mainstream financial sectors but is a big attraction to speculative traders and investors. Bitcoin (BTC) volatility levels are below $100; hitting an 18-month low, see the story here. The rest of the cryptocurrencies, specially the top 20 assets are trading in tandem with Bitcoin with… 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.