EOS Fails to Sustain Prices Above $3

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In Brief
  • EOS was rejected by the $3.45 long-term resistance area.

  • There are supports at $2.68 and $2.46.

  • The price is possibly in the C wave of an A-B-C correction.

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The EOS price has been decreasing since Aug 2, after failing to break out from a long-term resistance level and was rejected instead. It is likely that the price is still correcting and has yet to reach a bottom. EOS Hits Long-Term Resistance Wall The EOS price has been moving upwards since it reached a bottom on March 13. On Apr 29, it reached the $3.10 resistance area, was rejected,
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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