EOS continues to show volatility as it displayed int he previous weeks, and this time it is thrashing on the chart around the $3.26 mark.
EOS price analysis: What to expect?
As previously predicted in EOS price analysis, the inability of the bulls to hold ground above $3.37 has rounded up selling.
In case the EOS breaks beneath the exponential and simple moving average, the probability of an in-range momentum between $2.4 and $3.37 gets increased.
However, in case it retracts from the averages, it is expected that the bulls will attempt to conquer and raise the value beyond $3.37.
In case they are able to do so, a rally to $4.8719 is probable. Investors will be able to hold their long standpoints at a break beyond $3.37 and an end loss of $2.95.
If the volatility in the Bitcoin price and the overall market continues, EOS price may trade sideways goes without saying. The cryptocurrency market as a whole can sway in any direction at any moment.