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
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
