- EOS/USD is a sitting duck waiting for either the sellers or the buyers to attack.
- EOS price is struggling for support above $10.00 in spite of support from Kraken and Bitfinex.
EOS price has been sinking inside a falling wedge pattern, although it has settled in an extended ranging channel in the past few days. There are no major movements in price on Thursday and EOS/USD is a sitting duck waiting for either the sellers or the buyers to attack.
Kraken cryptocurrency announced on their Twitter account today, “EOS deposits and withdrawals are now live on Kraken! Deposits are free and the minimum deposit amount is 0.01 EOS.” Bitfinex exchange also wrote to their followers on Twitter, “EOS deposits and withdrawals have been enabled on Bitfinex.”
Price reaction is, however, muted and EOS is making subtle lower corrections. The moving averages failed to stop the declines but both the 50 SMA and the 100 SMA are preventing upward movements at the moment at $10.5. EOS/USD is exchanging at $10.37 while momentum indicators signal the dominance of selling pressure in the short-term. The immediate support at $10.00 will continue to hold to the end of the session on Thursday.
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