EOS is ranked at #7 in the market. The trading volume recorded stands at roughly $1.197 billion, while the supply has 934,290,583 EOS coins involved as part of the circulation. The total market cap of EOS amounts to $2.775 billion for now. The price climbed marginally at a rate of 0.24% in the course of the past 24-hours; this brought EOS all the way up to $2.97 where it presently rests.
Phew. The EOS community definitely dodged a bullet to score a bullseye!
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— Murmur (@murmurdapp) October 1, 2019
According to the candlestick chart connected to the EOS/USD pair on tradingview [based on data obtained from the Coinbase exchange], the digital currency is being impacted by buyers as well as sellers in the market. The daily RSI [for 14 periods] has managed to recover and now sits at 37.50. Post 29th-September, the final 4 peaks tied to the Awesome Oscillator were all green, indicating the presence of bullish momentum.
After 27th September, the MACD line gradually drew close to the signal line, causing the red histogram to shrink in size. The Ichimoku Cloud [though crimson] has grown thinner, and a color change may be expected during mid-October.
— Mati Greenspan (@MatiGreenspan) October 2, 2019
This move may prove to be detrimental in the foreseeable future [EOS is governed by whales, the voting system needs to be altered to fix issues related to centralization]. Support can be found adjacent to the $2.599 level, and resistance may be felt if EOS is driven in the direction of $3.85. However, for such a surge to materialize, the price consolidation must end.