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Home News EOS News

EOS price falls below $3.35, what to expect?

Taha Farooqui by Taha Farooqui
August 20, 2020
in EOS News
2 min read
EOS price falls below $3.35, what to expect?
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The EOS price line fell below the $3.35 mark on the 19th of August. The cryptocurrency traded between the $3.20 and $3.65 levels over the day’s trade. Skinwah is a Trading View analyst who is of the opinion that EOS will fall to $2.8 soon.

1-Day EOS price analysis

EOS price chart 1 - 19 August

EOS price chart by Trading View

At the beginning of the day, the cryptocurrency’s price line stood above the $3.55 level. The price fell towards the $3.35 mark during the first quarter of the day’s trade, after which it traversed between the $3.35 and $3.50 levels until 15:00 GMT. EOS continued to descend on the charts and approached a day’s low of $3.236. Just before the day’s closure, the cryptocurrency’s price trajectory regained some height on the chart and moved towards the $3.35 level. At the time of writing, EOS was observed trading at the price of $3.374 US Dollars.

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Will EOS price fall below $3?

The Trading View analyst Skinwah believes that the EOSUSD pair will fall towards the $2.8 price level.

EOS price chart 2 - 19 August

EOS price chart by Trading View

The chart above shows an important resistance near the $4 mark for the EOSUSD trading pair. The cryptocurrency tested the resistance on the 17th of August and it was rejected by the strong resistance. The price line fell towards the $3.7 mark shortly after it approached the resistance. As per the idea, the price line will move towards the $2.8 mark, where the analyst hopes to enter the trade.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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