EOS has been one of the weakest cryptos of the current cycle. Where many tokens from the previous generation saw some decent gains, EOS saw “just” +700% gains and is currently giving everything back to the market. For instance, we’re trading close to the lows of the corona capitulation event.

Recent price action has been overly bearish , where the general market has been trading either neutral or slightly bearish . Investors are simply dumping their EOS and exchanging it for other (better) coins.

The only area I’d be interested again in EOS would be in the bottom support area , ideally below $1,50. Chances are that we could see a decent bounce from there.

Happy trading!