EOS goes to Coinbase Pro, market reaction is muted so far
- Coinbase Pro launched EOWS trading for Pro accounts.
- EOS/USD is rangebound with bearish bias.
The leading US cryptocurrency exchange made three new tokens available for users of Coinbase Pro accounts. They are EOS, Augur’s REP and MKR a native token of platform MakerDAO.
“Inbound transfers for EOS, MKR and REP are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Order books will be in transfer-only mode for a minimum of 12 hours,” the company wrote in its blog on Monday.
Also, it is worth noting, that EOS and REP are available for Coinbase Pro users in all supported jurisdictions except New York State, while MKR is available only outside the US.
EOS reaction has been muted so far. The sixth largest coin with the current market value of $4.9B is moving within a tight range with bearish bias. EOS has lost 2% of its value in recent 24 hours to trade at $5.48 by the time of writing.
The coin is supported by $5.10 area strengthened by a combination of SMA50 4-hour and SMA200 1-hour. It is followed by a critical $5.00. On the upside, we will need to see a sustainable move above $5.67 (Monday’s high) and $5.70 to have a chance to retest $6.00.
Author
Tanya Abrosimova
Independent Analyst
