EOS price analysis: EOS to sink further? Bulls lose hope at $4 support

TL;DR Breakdown EOS price falls almost 2 percent on intra-day tradeTrading volume declined over 12 percent, indicating loss of interest in the token from traders RSI value shows highly undervalued status which could also trigger a comeback EOS price analysis shows that the token is set for further sell offs as traders appear to lose interest in the market. On a decline since jumping up to $5.46 on September 19, EOS fell another 2 percent over the past 24 hours to sit at $4.11 at the time of writing. The lowest recorded price in this period was $3.81. Furthermore, the lack of trading activity is confirmed with trading volume lowering more than 12 percent. After declining past the second support at $4.5, support is now set at $4.0 and traders will look to maintain above this point to form consolidation. EOS price analysis: Cryptocurrency heat map. Source: Coin360 EOS/USD 24-hour chart: Buyers look to push price above $4.0 support On the 24-hour chart for EOS price analysis, price can be seen fighting to keep above the newly set support at the $4.0 mark. After falling below the previous support level at $4.2, EOS will now look to consolidate at current price before initiating a push towards resistance at $4.5. The RSI value has improved over the last few hours to sit at 41, which still represents an undervalued status for the token. Despite improvements late in the day, price still sits far below the moving average at $4.7 an...