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  • EOS drops below critical support, $7.00 under threat.
  • EOS token can now be traded on Poloniex exchange.

EOS, the 5th digital coin by market value, is changing hands at $7.09 at the time of writing, down nearly 7% on a daily basis and 2% since the beginning of Wednesday. The coin is moving in lockstep with other major cryptocurrencies, retreating from recent highs.

EOS market value is registered at $6.4B, off the recent high of $7.8B. The daily average trading volume has settled at $738M.  

Meanwhile, Poloniex exchange announced support for EOS.  Customers can deposit and withdraw the coin and trade it agains USDT and BTC; EOS/ETH pairs will be enabled on August 1st, 2018.  

“At this time, we are only planning to support EOS mainnet tokens and will not be accepting deposits of the ERC-20 variant or providing conversion to mainnet tokens. In addition, we will not be supporting EOS airdrops for the time being,” the exchange wrote in the official blog post.

EOS technical picture

Looking technically, EOS/USD came close to critical $7.00. Once it is cleared, the sell-off will get stronger to take the price towards the next support around $6.55, which is the lowest level since July 12. On the upside, the first resistance is produced by $7.5, followed by $8.00, strengthened by 78.6% Fibo retracement.

EOS/USD, the daily chart