EOS (EOS) began 2021 on crimson sizzling bullish momentum. The truth is, throughout the first half of 2021, the coin surged previous $14 and went to highs of $14.77. However regardless of this momentum, these features 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? Effectively, we’ll analyse this beneath however first, some highlights.
On the time of writing, EOS was buying and selling at $3.21, practically 75% beneath its 2021 all-time highs.
Throughout its peak, EOS was one of many largest cash by market cap on this planet however has since dropped out of the highest 50.
EOS is going through stiff competitors from different comparable tasks, together with Solana (SOL) and Polygon (MATIC)
Information Supply: Tradingview.comÂ
EOS (EOS) – value evaluation and prediction 2022
For many components over the past month, EOS has been on a sideways pattern. The coin has fluctuated across the $3 mark in what seems to be a consolidation of kinds. However regardless of this, it’s doubtless that EOS could have seen higher days in 2021.Â
The truth is, in comparison with different comparable tasks, 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 transferring averages. We’ve additionally seen The Common True Vary (ATR) tumble to the bottom ranges in 2 months. EOS appears poised for a bearish pattern and will hit $2.30 within the close to time period.
Must you purchase EOS (EOS)
EOS (EOS) proper now shouldn’t be the most well liked crypto out there. We nonetheless assume extra losses are coming, largely throughout the begin of 2022. Solely a surge above $4 will invalidate the bearish outlook. Nevertheless it’s unlikely the coin will obtain that within the close to time period. So, an excellent technique could be to attend and swoop in when the value hits $2 or thereabout.
