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  • EOS price on Tuesday plummets further, dropping another 7% to add to this week’s losses.
  • EOS/USD has now lost over 15% in the past two sessions, with a mass cooling in prices seen across the board.


The EOS price was hit once again during Tuesday’s session, dropping over 7%, after it firmly cleared support within the mid $7 range, triggering stops to the downside. Across the crypto market cooling in pricing is still seen.

EOS/USD has seen a bounce just ahead of the psychological level of $7, dropping to its lowest level since the 15th July. The large selling in the market has come since the big bull run seen last week, perhaps this may be viewed as a bull-trap.

Technically, near-term resistance is seen around $7.20, where the price has managed to find a brief relief of consolidation. Further downside targets will likely see $7 come into play, which if broken can see a drop back to the mid $6 territory, where a demand zone is observed.


EOS/USD 60-minute chart