EOS is Seen Further Down
EOS is losing 3.3% to $0.6750 on Monday after it failed to move above $0.7000 resistance once again. This demonstrates a weakness of the token that may deteriorate without a support. Internal metrics of the project are unable to extend this support. Development activity is low, while social media activity is going down. The token rallied on the news that Bullish cryptocurrency exchange, where EOS was one of the founders, is attempting to buy an infamous FTX crypto exchange and acquired Coindesk crypto news site. Bullish is a company run by former New York Stock Exchange President Tom Farley. Even though EOS failed to hold above the resistance of $0.70. So, its prices are likely to roll back to the nearest support at $0.60.
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