Technical Analysis

EOS’s Dramatic Week-long Run Bring 15% Rally in the Price

The pace of the EOS coin has attracted traders from the beginning. However, the recent movement in the coin has surprised many. The currency was spotted escalating at a rapid pace.

EOS price was at $3.9 on January 30, and now on February 05, the price is at $4.45. The tremendous upsurge has spike hope for hefty recovery in the future.

EOS Price Analysis:

The currency was at $3.93 on January 30, and then, the price escalated to $4.17 at 10:00 UTC on January 30. The currency escalated to $4.36 at 23:05 UTC on January 30. The next day, EOS slipped to $4.01 by 8.45%. On the same day, the price escalated and by February 01, EOS was at $4.25 by 5.78%. The coin couldn’t hold itself for long and dropped to $4.10.

On February 02, the intraday low was at $4.05. The coin improved to $4.30 at 12:00 UTC on the same day. During the closing hours, the price was at $4.18. On February 03, the coin jumped to $4.34 by 3.70%. The currency dribbled to $4.06 by 6.58% at 10:25 UTC on February 04. The price escalated from there, and now it is at $4.45 by 9.60%. In one week, EOS has exhibited a 14.08% progression.

EOS is speculated to have a great future. The investment in the coin wouldn’t go futile. The anticipated upsurge would soon be achieved. The coin has not only violated the immediate resistance level at $4.32 but also the next resistance level at $4.39. The major resistance level at $4.51 would be breached in the coming hours. EOS is recommended for long-term traders. The pace of the coin is likely to be best suited to the long period plan.

Jackie Showalter

Jackie Showalter is a news editor at forexnews.live. He has 10 years of experience as an editor with the foremost Forex trading firms. He has a keen interest in financial news and loves editing finance news with his innovative ideas and knowledge.

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