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Crypto price today Mar 5th: the crypto market seems to be extending its correction phase that started in February 2023. As a result, the market leaders and numerous altcoins faced further downfall, maximizing the pain of short-term holders.
We have compiled a list of the top 5 cryptocurrencies of the week based on their performance over the last seven days. Let's take a look at it in more detail.
The EOS blockchain was one of the most well-funded blockchain initiatives when it was launched. Despite this, it lost steam after the excitement and fell short of expectations.
EOS is among the few exceptions well in the green following the Friday crash.
Despite outperforming the crypto market, the uptrend of EOS [EOS] could slow. EOS was an outlier, at the time of writing, after posting a 7.5% hike in the past 24 hours as the crypto sector declined by 3.5%, according to Coinmarketcap.
Fear and uncertainty have gripped crypto investors as they anticipate the U.S. Fed's additional interest rate hike and the Consumer Price Index report for February. As a result, the cryptocurrency market is under pressure as bearish sentiment engulfs asset prices.
While the broader crypto market dipped, EOS swiftly recovered 10% from the lows. The project recently announced the EVM launch.
EOS price started a fresh increase from the $1.08 support against the US Dollar. The price is now trading above $1.15 and the 55 simple moving average (4-hours).
EOS Price Prediction: The EOS coin daily time frame chart shows a texted book example of a rounding bottom pattern. The technical chart easily displays the three stages of the pattern, the prior downtrend, the sideways accumulation, and the upcoming recovery.
The EOS cryptocurrency achieved a 25% rally in just three days. A contrast to its previous struggle to overcome a resistance range in which it was stuck since the last week of January.
By the press time, the EOS coin price trades at $1.25, with an intraday gain of 5.45%. With today, long bullish candle the buyers break the monthly resistance of $1.24-$1.22.
Despite the ongoing bullish upsurge still being in its nascent phase, the crypto segment has already gone through AI-, LSD- and ZK-centric manias. Should we now brace ourselves for the fourth "narrative" in three months?
EOS price started a fresh increase from the $1.00 support against the US Dollar. The price is now trading above $1.05 and the 55 simple moving average (4-hours).
EOS price started a downside correction from the $1.135 resistance against the US Dollar. The price is now trading below $1.10 and the 55 simple moving average (4-hours).
EOS price started a fresh increase from the $1.00 support against the US Dollar. The price is now trading above $1.02 and the 55 simple moving average (4-hours).
EOS, the blockchain once famously entangled in a protracted dispute with developer Block.one, is now out on its own and making a bid for web3 relevance. Once at the center of a jaw-dropping $4 billion ICO, EOS has had a major facelift, and since severing ties with Block.one has been managed by the nonprofit EOS Network Foundation DAO led by long-time developer Yves La Rose.
The amount of liquidity or total value locked (TVL) is one of the yardsticks used to assess the health of blockchain networks. By this measure, the state of the EOS network looks more promising this year.
EOS price started a fresh increase above the $1.00 resistance against the US Dollar. The price is now trading above $1.0 and the 55 simple moving average (4-hours).
EOS price started a fresh decline from the $1.08 resistance zone against the US Dollar. The price is now trading below $1.0 and the 55 simple moving average (4-hours).
EOS price started a fresh increase above the $0.92 resistance against the US Dollar. The price is now trading above $0.92 and the 55 simple moving average (4-hours).
Analysis of some of the most interesting coins
A market overview and a look at the listed cryptocurrencies
EOS price is still facing selling pressure below the $0.90 support against the US Dollar. The price is now trading below $0.88 and the 55 simple moving average (4-hours).
Crypto exchange Bullish's plans to go public has hit the breaks after an estimated $9 billion with a SPAC fell through
