According to the candlestick chart connected to the EOS/USD pair on tradingview [based on data obtained from the Coinbase Exchange], the virtual currency is being influenced by sellers as of now. The daily RSI [for 14 periods] is at 45.73 signifying the presence of EOS in the neutral zone. In the aftermath of 9th October, the MACD line has inched closer to the signal line, causing the green histogram to fade and decrease in length with the passage of time.
Post-6th October, the peaks tied to the Awesome Oscillator all possessed the green shade, pointing to a trend change impacting the altcoin and the dawn of bullish pressure. If buyers manage to win against the sellers by the end of the day, EOS may experience resistance near the $3.32 mark. The support level lies adjacent to $2.599.
The dBonds team has successfully tokenized the Deutsche Bank Bond on the EOS mainnet. If you’d like to know more about this epic development, you can head to this article published on eosgo.io which contains details linked to this bond. An agreement was established with Queen State Finance and DUSD.
Daniel Larimer of Block.One is trying his best to alter the governance mechanism which essentially allows vote-buying to take place. Hopefully, as the ecosystem grows and institutional interest climbs, the network would be better suited for the people in the future.
EOS is ranked at #7 to the north of Binance Coin in the market. The trading volume recorded stands at roughly $1.255 billion, whereas the supply has 935,644,988 EOS coins in play as of this very moment. The total market cap of EOS amounts to $2.905 billion for now. The price declined at a rate of 2.46% in the course of the past 24-hours; this led to EOS sinking all the way down to $3.11 where it currently holds.
— Novusphere (@thenovusphere) October 12, 2019