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EOS: The Only Altcoin in Top 10 to See Gains on Monday

Avatar newsbtc 1 year ago

It’s Invest Diva’s Kiana with News BTC and here is your cryptocurrency update. Another down day in the cryptocurrency market with the exception of to altcoins in top 20: EOS and VeChain. Let’s take a look at EOS today, the 8th largest crypto by market cap at the time of filming, trailing behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, and NEM. It’s price ended Monday’s New York trading session at $13.35, 3.80% up for the day, although the general intraday momentum still appeared bearish. EOS/USD lost most of its early Monday gains up to $15.14 by the end of the day. If the bearish momentum continues, we could see pullbacks towards the 38% and 50% Fibonacci retracement levels $11.73 and $9.59 respectively.

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