EOS Trades In Range Medium-Term Amid Potential Solution To Ram Exploit Vulnerabilities 

Last week, EOS was on a sideways trend against the USD. The price was ranging between the support at $4.0 and the resistance at $5.0. Five days ago, EOS reached a recent high of $5.32. Unfortunately, the bears immediately pulled the price back to a low of $4.56. Since then, the price of EOS has been trading in range below and above the $456. Today, EOS is still trading in range but there hasn’t been any significant gains or losses in the market.

EOS Price Analysis For August 27th

The price of EOS is within the same region it was last week. However, the signal line and the MACD line are above the zero line. This is a buy signal. The price of EOS is also above the minimum 24-day EMA and the 12-day EMA. This is an indication of a bullish trend. The relative strength index is around 48 showing that the price is trending sideways medium-term.

EOS Price Today – EOS / USD

Name Price
eos
EOS
$4.284.13%

Short-term, the price is also ranging. On the 1-hour chart, the price of EOS is trending sideways above the 12 and 26-day EMAs. This shows that the bulls are taking over the market. The next few days of trading will determine if the price action will change or not. This is according to the price analysis of Azeer M on Bitcoin Exchange Guide.

EOS Offers Solution Against Hack Vulnerabilities

The team behind EOS was facing RAM exploit issues that allows malicious users to steal RAM from other unsuspecting individuals. Finally, the team has come up with a solution to the problem. The solution is only temporary until the bug is fixed permanently. Users who want to send tokens to individuals that they don’t know will have to send these tokens via Safetransfer. All they have to do to use this tool is to add their account name as a memo. Users can use all token types that are based on EOSIO. Only the transfer will require identical argument signatures. Users will need to set permission keys on their proxy server to allow token transfer.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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