EOS price analysis: EOS/USD aiming higher, up over 7% on Thursday; EOS gets a listing on Komodo Barter DEX
|- Barter DEX adds EOS as a tradable instrument but does not mention the mainnet switch due next month.
- EOS price target on the upside is $18.00, but the major support on the downside is at $11.5.
EOS price spiked during the Asian trading hours on Thursday adding at least 5%, although at the time of writing it is up 7.06% in the last 24 hours. EOS has been correcting lower losing around 27% of its value in the last 7 days but its trading volumes are still considerably high. At the moment, EOS/USD is exchanging at $13.47 and a bullish momentum is in progress as observed on the charts.
EOS appears to be reacting to the latest listing on Barter DEX, a new trading platform that was developed by Komodo. Komodo was ranked quite high in the list of 28 top public blockchains as released by the Chinese government. EOS mainnet launch is approaching, but Barter DEX did not say anything about the impending switch.
EOS price will encounter resistance at $14.00, above this, the 50% Fib retracement level with the last swing high of $22.5 and a $5.58 low will offer more resistance towards the next target at $18.00. The RSI on the 4-hour chart is above the 50 mark. EOS/USD is currently trading between the moving averages support and resistance. The 100 SMA is offering resistance, while the 50 SMA is supporting the price on the downside. Another support has been highlighted at $12.00, moreover. $11.5 is a support target as well.
EOS/USD 4-hour chart
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