EOS is losing recent gains amid global crypto sell-off. A movement below $8.00 will signal that bears are in control once again. EOS goes down again. The coin is trading at $8.3 after having peaked at $9.4 on July 4. EOS has lost nearly 7% of its value since this time yesterday amid global correction on the cryptocurrency markets. It’s Friday and large price swings may be in store for us ahead of the weekend. EOS is the fifth largest coin with market value $7.4B and the average daily trading volume of $885M. While the coin is moving in sync with the rest digital assets, the downside may be intensified by internal problems of EOS network and disputes within the community. EOS technical picture Looking technically, EOS/USD is moving swiftly towards $8.00 handle, which makes the picture look negative. Once this level is broken, the downside pressure will get stronger with the next bearish aim spotted at $7.00 and 6.89 (the lowest level of June 24). On the upside, the local resistance area is seen at $8.84 (100-SMA, 1-hour chart) and $9.00 (50-SMA); however, the price is unlikely to get there within recent trading hours as the selling pressure is mounting across the whole cryptocurrency market. EOS/USD, the 1-hour 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 US: Modest pullback likely in June NFP gains of 180k – TDS FX Street 3 years EOS is losing recent gains amid global crypto sell-off. A movement below $8.00 will signal that bears are in control once again. EOS goes down again. The coin is trading at $8.3 after having peaked at $9.4 on July 4. EOS has lost nearly 7% of its value since this time yesterday amid global correction on the cryptocurrency markets. It's Friday and large price swings may be in store for us ahead of the weekend. EOS is the fifth largest coin with market value $7.4B and the average daily trading volume of $885M. While the coin is moving in sync… Top 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.
