EOS/USD – EOS Returns To Highs Not Seen Since June 2018
Key Support Levels: $13, $12.30, $10.78.
Key Resistance Levels: $14.85, $16.50, $17.75.
EOS exploded by a total of 63% yesterday upon the announcement that BlockOne raised $10 billion to launch a new exchange. Upon the news, the coin surged from $9.00 to reach above $14 by the end of the day. Today, it continued to climb to hit $14.87 – a price not seen since June 2018. There, it met resistance at a 1.414 Fib Extension and has since rolled over to the current $13.25 level.
EOS had started to surge at the start of May before the announcement was made. Last week it climbed from $6.00 to break a long-term resistance trend line and reach $13. From there, it did drop lower until support was found around $9.00 at the start of the week.
EOS/USD Daily Chart. Source: TradingView
EOS-USD Short Term Price Prediction
Looking ahead, the first resistance lies at $14.85 (1.414 Fib Extension). This is followed by $16.50 (1.618 Fib Extension),
Źródło: https://cryptopotato.com/eos-price-analysis-eos-exploded-60-as-blockone-secures-10b-in-funding/
