EOS price analysis: EOS/USD slips below $11.00 amid as EOS community falls victim of a phishing attack
- EOS stays below $11.00, no recovery in sight.
- Hackers scammed EOS investors by sending fake invitations to tokens registration.
The whole cryptocurrency market feels the pain, and EOS is suffering the most. The coin lost over 16% since Monday's peak and the bearish momentum is gaining traction again. Currently, EOS/USD is trading at $10.85. EOS market value reduced to $9.9B, while the trading volumes spiked to $1.5B. The coin is the most actively traded on Bithumb against KRW, while Bitfinex is leading in EOS/USD trading volumes.
Meanwhile, some EOS community members fell victim of a phishing attack, Scammers exploited uncertainties about EOS token registration process to steal money from crypto investors. They jacked EOS back office and sent fake emails with an invitation to register tokens. Those who followed the link in the email and submitted their private details had to wave goodbye to their ETH holdings.
The team is investigating the case.
EOS technical picture
EOS/USD is changing hands at $10.85, which is the lowest level since May 24. The critical support is created by $10.00, strengthened by 100-DMA, though, once it is broken, the sell-off may extend towards $9.00 with 200-DMA at $8.90. Upside correction is limited by $13.00 and to 50% Fibo at $13.46.
Author
Tanya Abrosimova
Independent Analyst
