Contrary to most people’s expectations, it would appear the bearish crypto market momentum isn’t relenting as of yet.
As the weekend trucks along rather nicely, it would appear there is an influx of fresh bearish and bullish momentum for specific markets.
As the top markets begin to show signs of weakness once again, it seems the alternative markets will follow suit.
It is not entirely uncommon for specific alternative markets to turn into “uber bullish” mode when Bitcoin is no longer losing value.
The big question of the day is if and when the top cryptocurrency markets will show any signs of recovery So far, the wait seems far from over, as the hourly candles continue to look more bearish than usual.
As the top markets continue to struggle for any real traction, it quickly becomes apparent today will not be the best of days for most currencies.
A new week dawns upon the cryptocurrency industry and there is plenty of bearish market pressure to go around.
There are still some questions as to whether or not the bullish momentum affecting different cryptocurrencies will last.
In the cryptocurrency world, there is never such a thing as stable ground it seems.
It would appear none of the top crypto market is capable of maintaining its position today.
It is safe to say very few crypto markets will see any form of positive momentum as long as Bitcoin remains bearish.
Even though it appears as if most of the crypto markets are turning bullish again, that doesn’t automatically apply to every individual project.
As the evening dawns upon the cryptocurrency industry, the carnage slowly becomes more visible.
As the weekend trucks along nicely, it is still a bit unclear what to expect from most top crypto markets.
Many people expected yesterday’s bullish momentum to peter out fairly quickly.
In the cryptocurrency world, it quickly becomes evident the overall momentum does not necessarily dictate the pace for all individual markets.
There is absolutely no lack of bullish cryptocurrency momentum as of right now.
Despite a bit of a rocky start earlier this morning, it appears most cryptocurrency markets have come around eventually.
Most of the top crypto markets are currently in the process of moving up again every so slightly.
When the overall cryptocurrency market sentiment sours a bit, it is only normal some projects lose more value than others.
Earlier today, all of the cryptocurrency charts looked rather bearish for a moment.
It would appear as if EOS has not made too many headlines over the past few weeks.
It has been a rather rough month of December for EOS. Although all currencies and assets lost tremendous value, EOS, in particular, suffered significant losses. It was not uncommon for the altcoin to drop by over 10% in a single day, whereas the market average was 5% or less. Things are not slowly picking up again, as the EOS price is well underway to hit $2 in the coming hours.
EOS Price Reversal Looks Promising
Every time a cryptocurrency or digital asset market rebound becomes apparent, one has to wonder how long the momentum will last this time around.
It seems yesterday’s and today’s positive market momentum is turning against all cryptocurrencies and assets once again. There is plenty of red to be noted across the charts, and more trouble is brewing behind the scenes. The EOS price is declining in spectacular fashion right now, as its losses are almost in the double-digit percentage range already.
EOS Price is Losing Traction Quickly
Even though many people expected the most recent market rebound to remain in place, cryptocurrency does not follow traditional rules by any means.