The digital currency market is currently in a deep slump, and a lot of digital currencies have lost more than 80 percent of their values from their all-time highs. Even the largest digital currency by market cap – Bitcoin (BTC) – has lost a significant fraction of its value, with Ethereum (ETH) testing a new yearly low.
EOS is also caught up in this wave, as it is presently consolidating losses in the recent market declines that have caused it to lose most of the gains it has accumulated since mid-August. Buyers of the coin embarked on an upward journey towards the end of August.
The digital currency tested a new monthly high of $6.70 on the first day of the month before it started consolidating lower. EOS found a strong support at the $6 mark before the drastic decline last week.
EOS Price Today – EOS / USD
At the time of writing, EOS is trading at $4.86 after a decrease of about three percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $4.40 billion and its trading volume over the past twenty-four hours is $621.30 million.
EOS Price Analysis
The digital currency is currently supported at the $4.5 mark. The EOS/USD pair is likely to decline further if it doesn’t find its way to the $5 mark in the near-term. The 23.6 percent Fibonacci retracement level of the previous swing from the high of $6.885 to the low of $4.144 is also offering support. If it breaks its immediate support, the next support is at the $4 mark.
Attic Lab Announces The Launch Of EOS Web Wallet
Attic Lab is greatly contributing to the growth of EOS and its ecosystem. Attic Lab recently announced the launch of EOS web wallet. The web wallet is extremely simple and user-friendly because it is very fast and intuitive. Attic Lab has designed the wallet to provide both security and protection while the layout and designed are kept as simple as possible.