All in the greens and the market is having an upside momentum. Bitcoin [BTC], Ethereum [ETH] and Ripple [XRP] had gained 2.38%, 5.32% and 2.14% respectively at 2:58 PM UTC. Ontology [ONT] and Verge [XVG] are the winners in the last one-month statistics as they have gained 93.94% and 31.57% respectively which is way higher than that achieved by the major coins. EOS is also under an upside momentum with the prices rising rapidly. The market capital which was at $396.455 billion around one month ago is now at $270.365 billion.
Our team at AMBCrypto has been analyzing the market sentiments for many months now and we have been delivering to our readers’ sentiments from around the world. By interviewing a group of investors, miners, journalists, skeptics, and influencers, sentiments, and comments on the market trends were gathered and are presented in a concise manner. This analysis will be on EOS which is ranked at the 6th spot in the rankings.
EOS is the only coin in the top 20 list to have had a major gain today as well as in the last 7 days. There is a strong bullish momentum for the coin right now and the coin escalated from $6 to $7 in a matter of 11 hours which is a huge bull run. The coin at 3:31 PM UTC was trading at $7.11 and it had a market capital of $5.596 billion. The coin has a favorable setting to attack the resistance. The new trend has to be confirmed and there is a chance for a short-term bullish trend.
Cameron Jenkins, an EOS investor from Fort Worth says:
“There is a strong buying pressure for EOS on Bitfinex as there is buy wall formation. More people are buying the coin as they feel that the momentum will take it to higher levels. As for me, I bought it one week ago and now I’m planning to sell it as I feel that this trend will not last.”
Ashwin Suvarna, an accountant form Trivandrum says:
“The MACD is in the positive range but it is without much slope or wideness. The charts are in favour of a continuation for this bullish trend but you never know since a deadcross is almost formed. Let’s just hope that this bullish trend will not subside.”
Fredrick Adams, an altcoin expert from Florence says:
“The price is expected to drop in the long term picture. By the end of this month, it will come down to $5.449. There is a major resistance formed at $8.57 which will be hard to break. The coin has reached its peak and it will go down. For those of you who want to sell it can do now.”
To conclude, 61% of EOS respondents are overwhelmed by the coin’s gains and are expecting the coin to maintain the upside momentum. Another 39% of the EOS respondents are expecting a dip in the price soon which may start from today.
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