EOS (EOS) began 2021 on purple sizzling bullish momentum. Actually, in the course of the first half of 2021, the coin surged previous $14 and went to highs of $14.77. However regardless of this momentum, these positive aspects didn’t maintain. Following a steep correction, EOS has fairly actually tanked. However can it replicate the momentum we noticed within the first half of 2021 this 12 months? Nicely, we’ll analyse this beneath however first, some highlights.
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On the time of writing, EOS was buying and selling at $3.21, almost 75% beneath its 2021 all-time highs.
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Throughout its peak, EOS was one of many largest cash by market cap on the earth however has since dropped out of the highest 50.
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EOS is dealing with stiff competitors from different comparable initiatives, together with Solana (SOL) and Polygon (MATIC)
Knowledge Supply: Tradingview.com
EOS (EOS) – value evaluation and prediction 2022
For many elements over the past month, EOS has been on a sideways development. The coin has fluctuated across the $3 mark in what seems to be a consolidation of types. However regardless of this, it’s seemingly that EOS might have seen higher days in 2021.
Actually, in comparison with different comparable initiatives, it has one of many lowest person and developer adoptions. Additionally, a take a look at the chart exhibits that the present value is beneath the 20- and 50-day shifting averages. Now we have additionally seen The Common True Vary (ATR) tumble to the bottom ranges in 2 months. EOS seems poised for a bearish development and will hit $2.30 within the close to time period.
Must you purchase EOS (EOS)
EOS (EOS) proper now will not be the most well liked crypto available in the market. We nonetheless assume extra losses are coming, principally in the course of the begin of 2022. Solely a surge above $4 will invalidate the bearish outlook. But it surely’s unlikely the coin will obtain that within the close to time period. So, an excellent technique can be to attend and swoop in when the value hits $2 or thereabout.