EOS [EOS] close to the key support violation at $ 4.5 – BCFocus

EOS

The uncertainty of Bitcoin Cash has triggered a drastic storm against the encrypted market. Most cryptocurrencies trade in red, with losses of over 10%. The bear rally, which has lasted for over 24 hours, has wiped out nearly $ 30 billion from the roof of the collective market, according to Coinmarketcap. The bitcoin is the most affected as it has exceeded $ 6,000 – a key support level – and is currently trading at around $ 5,400, the lowest in a year. EOS [EOS] he also violated his critical support level found at $ 5 and is currently trading at around $ 4.5. EOS has lost over $ 600 million from its market capitalization in the last 24 hours.

EOS / USD

Looking at the EOS charts, coin prices have steadily stabilized at $ 4.5 and have surpassed the main support level to trade below $ 4 just once this year. Currently, cryptography has already started trading around $ 4.5, the last level of support and a trend towards a progressive trend is further lowering the value of the altecoin. At the time of the press, prices were trapped in a limited trading range, spotted from $ 4.5 to $ 4.8, which implies that prices have entered a consolidation phase. The RSI level for the currency is 30.75, indicating that the currency has reached oversold levels in the market. The MACD represents a bearish momentum for the digital resource. The 100 EMA line traded at $ 5.137 indicates a downward trend. At the time of writing, EOS had dropped 13.3% against USD to $ 4.46.

EOS / BTC

At the time of writing, the virtual asset had slipped 0.7% against BTC. Currently, an EOS is equal to 0.00081242 BTC.

EOS [EOS] Price forecast 2018, 2020

• According to Smartereum, experts believe that the currency could touch $ 37 by the end of this year. The five-year prediction for cryptography is set at around $ 143.
• InvestingPr predicted that virtual currency could reach a maximum of $ 150 by 2020.
• CoinSwitch has predicted that encryption will be exchanged for $ 11 by the end of this year. Many predict that the price will reach $ 95 by the middle of 2020, after which it will probably decrease and close the year at around $ 56.25.

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