EOS Price Analysis: EOS still dominated by the bears; Will it make a turn-around by next week?

EOS has maintained bullish trends since our period of comparison from13-June-19 till 26-June-19. It had also reached an all-time high level of $7.59 on 22-June-19 as per 00:00 UTC time. It was going good for the EOS, could have reached even higher figures. However, it could not survive the bullish run and post the said date, the movement of the coin has remained downwards. There were two sharp falls in the prices, namely on 26-June-19 and 10-July-19. The current movement will not be a major setback for EOS as it has managed to overcome these challenges in the past also. We strongly believe that the downward trend will shortly end for EOS and the future ahead is quite bright.

Let us observe the EOS to USD price comparison:

Current Statistics of EOS:

• As per 06:44 UTC today, Market Cap of the EOS coin was 4,456,389,474 USD.
• EOS price is trading at $4.8195.
• 24-hour volume is $2,754,670,921
• 922,867,938 EOS coins are at present in circulation.
• EOS offers an ROI of 367.46%.

EOS Price Prediction:

Comparing the prices of EOS for 22-June-19 and today, the coin presently reflects a downward trend by 36%.

EOS may fall and reach $4.71 by tomorrow, observing the latest movement. But if it bounces back then may trade around its immediate resistance level of $5.15. After a week’s time, it may reach around $5.9. By the end of the year, EOS may go up to $10.

Conclusion:

It is advisable for investors to wait for a couple of days more before investing your money in the EOS coin. It is necessary to hold on to the purchased coins for long-term gains. Trading on EOS on the short-term may not yield the desired results. The Chaikin Money flow indicator points out that the coins have been overbought and the same trend is anticipated to continue for a few more days to come. If it continues with the same trend, the next major support level can be seen at $5.2 and $5.02 post, which it will gain further pace.