EOS/USD goes up by 20% as bulls have a triumphant day
|- EOS/USD went up from $2.92 to $3.52 charting a 20% increase in their value.
- Bulls have eyes set on the critical $4.25 resistance.
EOS/USD’s price has increased by a staggering 20% value, going up from $2.92 to $3.52 this Monday. On a day when the entire crypto market has been on the rise thanks to positive sentiment from JP Morgan’s JPM Coin, EOS/USD’s growth percentage has been the highest. The EOS/USD bulls will now want to maintain the momentum and breach past the $4.25 resistance level.
EOS/USD daily chart
The bulls took momentum and zoomed past resistance at $3.10. Currently, the market is trending above the 100-day simple moving average (SMA 100) curve, which indicates an extremely bullish market. The buyers have the critical $4.25 resistance line in sight. If they can gain more momentum, it is highly possible that the $4.25 resistance line will be breached as well.
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.