EOS price is below the 12-day exponential moving average (EMA), as well as below the 26-day EMA, which is an indication the bearish market trend could continue. However, there are some good news in the EOS' ecosystem. A blockchain startup Havven, which offers cross-blockchain payments, is going to bring its stable coin, i.e., a cryptocurrency tied to a stable asset, to the EOS network. The startup aims to issue USD on the Ethereum as well as EOS network, thus enabling cross blockchain payments. The stable coin will adjust its supply according to market shifts, so as to maintain the price of a fiat currency.
How do you think? Will the bearish trend continue for much longer?
That's the good news about EOS, but the bear market will carry on due to bad news about ETF. Due to this manipulaters got chance to do more manipulation and create FUD so that loosers will leave and they will buy more. Every altcoin will move when Bitcoin will move as Bitcoin have 45% to 50% dominance on crypto market.