The beginning of the week started on a very high note for the EOS coin. It reached $4.3883 on 15th July at 16:40 UTC. It was looking good for the coin. However, it started falling steadily post the said date. The next day the coin saw two major sharp falls with prices falling as low as $3.35. After about 2 days’ time, the coin managed to pull up its socks and has slowly started to rise upwards. EOS will continue with the same trend and prices might not see any major fall.

EOS Price Analysis & Future Forecast

Comparing EOS price of today and as the price of 16th July as per 16:55 UTC, which was $3.35, the coin reflects a bullish run by 19%.

After a day’s time, EOS will continue to rise further and reach its immediate resistance level of $4.2. After about a month’s time, the coin may be traded in the range of its further resistance levels of $4.4 and $4.6. Six months down the line, EOS has all the potential to trade up to $10 if it manages to continue with the same consistency.

As per the current trend observed, trading on a short-term basis with EOS might not be fruitful. You may also buy the new coins if you are able to sustain the same for a longer period as it will prove to be a great asset. The Chaikin Money flow indicates that the present movement of the coin is bearish. However we believe that this scenario will change by tomorrow. Being amongst the top 10 digital currencies, EOS has the required potential to show good performance over the coming months.

Published by Anna Fernandes

Anna Fernandes has completed her graduation in journalism from Boston University and has been working as a lead journalist at tronnews.com. She also owns a personal blog where she writes content on journalists and there works.