EOS is ranked at #8 beneath Tether already in the market. According to the latest data purchased coinmarketcap, the price of EOS plunged by 1.74% for the duration of the past 24-hours. The trading volume recorded is $1.222 billion, whereas the actual has?926,692,712?EOS tokens in play right at this moment. The total market cap of EOS is $3.822 billion.
After studying the candlestick chart with the EOS/USD pair on tradingview, bearish momentum was confirmed. The daily Relative Strength Index [for 10 periods] was in 41.53 and its heading downwards, indicating that sellers are back in action. EOS was a student in oversold territory midway through July, as RSI had sunk below 30 for a while.
The Ichimoku Cloud [between lead 1 and lead 2] is red, along with the colour change was noted from 25th July. The peaks for the Awesome Oscillator are also below the zero line. Those indicators reveal pressure because of sellers being incredibly working in the market. Bullish divergence was noted within the last few week of July, however the coin still did not recover you can find. EOS was ranked in advance of Tether and Binance Coin.
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Resistance for EOS can be found near the $4.59 region, whereas support exists outside of the $3.8 mark. The EOS team must induce further updates or newer dApps whether or not hopes to garner bullish momentum available. The TRON network featuring over 500 dApps utilized by hundreds in your ecosystem.