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EOS Prediction - Price Hits $1 - Will It Hold The Level?

 


The EOS price has formed a trend channel in the past few weeks, which was formed after a crash. With the trend channel formed after a crash, the price formed a bear flag. Bear flags are known to be very likely to break out in a bearish fashion. These patterns are one of the most reliable formations on the chart. In the short term, the EOS price could reach the upper edge of the bear flag. However, after that happens, things could head south again. Whether the EOS price will break out directly bearish or not cannot be said at this point. One can only say that the price will continue the downward trend with a high probability.

The historical data on the Binance chart is not so old that we can see further support as the price is lower than it was during the 2018 bear market. However, on the CoinMarketCap chart you can see that the EOS price has historically traded around $0 .51 had found support. Because of this, we assume that the course will reach this level very soon. Whether EOS will ever come back or not is impossible to say at this point. However, the future looks rather bleak as there are some better projects in the crypto market.

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