EOS journey to the moon continues as other cryptocurrencies fall back
|- EOS leads market recovery with gains exceeding 8% on the day.
- The engulfing candle strongly supported at $3.6; bulls increase their grip.
EOS is not slowing down the momentum amid general market retracement following the gains on Monday and part of Tuesday. Most cryptocurrencies corrected higher above their key resistance. For instance, Bitcoin stepped above $3,900, Ethereum tested the levels slightly above $150 while Ripple zoomed to areas marginally above $0.345.
As the majority of cryptocurrencies fall back from the weekly high, EOS is an upward trajectory unbothered by the bearish pressure across the market. The crypto has added more than 8% on its value today. Besides, it has stepped above $4.0 for the first time since November 2018.
At press time, EOS/USD is exchanging hands at $4.009. The engulfing bullish candle on the 4-hour timeframe chart is sitting comfortably above the short-term support $3.6. Support must be created above $4.0 to prevent the asset from sliding south. However, in the event declines progress below the above support, EOS will find anchorage at $2.8 - $3.0 range as well as the primary support at $2.2.
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