EOS price analysis: EOS/USD breaks $9 hurdle, but showing signs of slippage, will eosDAC airdrop save the price
|- EOS/USD surged to record amazing percentages in the excess of 30% on Thursday morning.
- The craze about the airdrop caused a spike in EOS price.
- Further down, the price remains unsupported until the $6 level.
EOS price was one of the biggest gainers in the cryptocurrency market on Thursday following news that eos/DAC airdrop is scheduled for mid-April. EOS/USD surged to record amazing percentages in the excess of 30% on Thursday morning.
The price has recently broken above the major resistance level at $9 but $9.5 appears to be protecting it from exploring mid-February highs towards $10. The craze about the airdrop caused a spike in EOS price. Therefore, we can expect that it will continue supporting the price at least until the blockchain snapshot takes place.
However, there is a bearish momentum that is forming above $9 and the price is still testing the short-term support formed at this level. Indicators like the RSI are showing the sellers are regaining influence and EOS could correct lower in the meantime. The gap between the 100 SMA and the 200 SMA is widening to signal that the path of least resistance is to the downside. If the price happens to slide under $9, it will find another support at $8.5. Further down, the price remains unsupported until the $6 level.
EOS/USD hourly chart
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