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Altcoin Thursday: EOS

20 May 2021 | ZebPay Trade-Desk

As always, you pick the coin and we cover it. This week, for our Altcoin Thursday, we have EOS in store for you all!

EOS platform is designed to allow developers to build decentralized apps  (DApps for short). The project aims to make it as easy as possible for developers to embrace blockchain technology, and ensure that the network is easier to use than rivals. The 24-hour trading volume of $9,564,975,657 USD, and EOS is down 22.97% in the last 24 hours. It has a circulating supply of 953,532,126 EOS coins and the max. supply is not available.

EOS, after consolidation, started to move upwards from 29th March 2021 and it made the all-time high of $14.9 surging almost 254.%. Post this feat, we saw a sharp correction and the price fell by 72% making the low of $4.12. On the technical front, EOS has tested the support  levels of $4.38 and has started recovering. Hence, we may see some upside move from here ( Relief Rally) and the prices can go upto the resistance level of $8.85 levels. If the asset  fails to hold the support levels, we may see further downside to $3.28.

Support 2Support 1EOSResistance 1Resistance 2

This concludes on Altcoin synopsis for this week. Don’t forget to keep an eye out for our new poll, and let us know which coin you would like us to cover next week!

Disclaimer: This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation, or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness, or reliability of the information, opinions, or conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Trading & Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum, etc. are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.


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