It tested the Resistance(red bar) at $3.0 price level and dropped 25% recently.
If it manages to hold the (green bar) and breaks the $3 price level, then it we might test the $4.4 level with two major hurdle to surpass which are long term-downtrend line(dotted) and 200 Moving average(Red line) line.
Also, there is a catalyst(news) on 26th January'19 with Parsl reward drop (SEED coins) for EOS holders.
It has dropped recently with strong sell (pressure) which shows signs of stronger bear So
If it doesn't hold two (green bar) then we might see less than $1 price level in the coming days/weeks.