EOS has been one of the weakest cryptos of the current cycle. Where many tokens from the previous generation saw some decent gains, EOS saw "just" +700% gains and is currently giving everything back to the market. For instance, we're trading close to the lows of the corona capitulation event.
Recent price action has been overly bearish, where the general market has been trading either neutral or slightly bearish. Investors are simply dumping their EOS and exchanging it for other (better) coins.
The only area I'd be interested again in EOS would be in the bottom support area, ideally below $1,50. Chances are that we could see a decent bounce from there.
Happy trading!
Recent price action has been overly bearish, where the general market has been trading either neutral or slightly bearish. Investors are simply dumping their EOS and exchanging it for other (better) coins.
The only area I'd be interested again in EOS would be in the bottom support area, ideally below $1,50. Chances are that we could see a decent bounce from there.
Happy trading!
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