EOS, much like every other coin in the market has been taking massive hits to its price over the course of the last couple of days.
Arguably the most predictable event was that EOS followed the small BTC bull rush as it reached $8,000 again. Other than that, the coin has been flat for the duration of the day, and not much can be seen in terms of development until tomorrow.
However, we can still figure out the major resistance levels for the coin in terms of future plans of the project.
With NASDAQ well on its way to implementing EOS as its secondary currency resource, the circulation of the coin is going to double, if not triple.
Whether or not that means the doubling of the price is yet to be found out, but the signals are there.
The biggest resistance level for EOS will be the $7 price point, as it was nearly achieved a week ago. The support price points are quickly being formed at the $6 and $5.8 price points. As long as EOS is able to float around the $6 price mark it will still have the growth potential once NASDAQ finally launches it.
Furthermore, it is much more beneficial for EOS holders to pump the coin as much as possible before NASDAQ happens. As predicted above, the increased circulation is almost guaranteed to double the price. The larger the price will be at that moment, the more benefit its holders will see.
The overall market sentiment for EOS is $14 by the end of 2019, and the sky is the limit by 2020.
Overall, EOS is a great coin to day trade, as well as HODL due to NASDAQ. Compared to other coins right now, it is shaping to be the most versatile of them all.