EOS price analysis: EOS/USD continues its strong performance as the bulls gradually break down strong resistance
|- Bulls are attempting to break down strong resistance running from $9-$10.
- Heavy anticipation of eos/DAC airdrop has inflated the EOS price this week.
The EOS price is seen up some 3% as the crypto continues to be on the clear outperformers on Friday, as very strong push for solid weekly gains. EOS has gained over 60% in the latest week, moving from lows of $5.98 to highs of $9.58.
In terms of the incredibly strong performance seen for EOS/USD this week, it has been heavily attributed to the anticipation of the eos/DAC airdrop is scheduled in the next couple of days. EOS may be subject to a taking of profits post the airdrop.
EOS/USD bulls are currently attempting to break down some strong resistance, seen within the early $9 region. The supply zone runs from $9 to $10, which may prove to be some task. Should the bulls make a run above, there may not be much in the way of regaining some upside at $15 territory. Rejection could easily see the price head back down to $7.50 and then $6.
EOS/USD daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.