Can EOS (EOS) replicate its superb start to 2021 in 2022? Price analysis and prediction below

11 months ago 191
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EOS (EOS) started 2021 connected reddish blistery bullish momentum. In fact, during the archetypal fractional of 2021, the coin surged past $14 and went to highs of $14.77. But contempt this momentum, these gains did not hold. Following a steep correction, EOS has rather virtually tanked. But tin it replicate the momentum we saw successful the archetypal fractional of 2021 this year? Well, we volition analyse this beneath but first, immoderate highlights.

  • At the clip of writing, EOS was trading astatine $3.21, astir 75% beneath its 2021 all-time highs.

  • During its peak, EOS was 1 of the largest coins by marketplace headdress successful the satellite but has since dropped retired of the apical 50.

  • EOS is facing stiff contention from different akin projects, including Solana (SOL) and Polygon (MATIC)

Data Source: Tradingview.com 

EOS (EOS) – terms investigation and prediction 2022

For astir parts implicit the past month, EOS has been connected a sideways trend. The coin has fluctuated astir the $3 people successful what appears to beryllium a consolidation of sorts. But contempt this, it is apt that EOS whitethorn person seen amended days successful 2021. 

In fact, compared to different akin projects, it has 1 of the lowest idiosyncratic and developer adoptions. Also, a look astatine the illustration shows that the existent terms is beneath the 20- and 50-day moving averages. We person besides seen The Average True Range (ATR) tumble to the lowest levels successful 2 months. EOS looks poised for a bearish inclination and could deed $2.30 successful the adjacent term.

Should you bargain EOS (EOS)

EOS (EOS) close present is not the hottest crypto successful the market. We inactive deliberation much losses are coming, mostly during the commencement of 2022. Only a surge supra $4 volition invalidate the bearish outlook. But it’s improbable the coin volition execute that successful the adjacent term. So, a bully strategy would beryllium to hold and swoop successful erstwhile the terms hits $2 oregon thereabout.

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