EOS price analysis: EOS/USD is as quiet as a lamb, as investors are waiting for EOS blockchain to go live
- EOS investors are gripped with fear as EOS blockchain launch is postponed.
- Focus will shift onto $12.00 if $13.46 is broken.
EOS/USD is changing hands at $13.75, mostly unchanged on the day. The coin has partially recovered from May's low, but it is still is down nearly 24% on a monthly basis.
EOS blockchain was supposed to go live on June 6, but the launch was blocked for another 24 hours by Blockchain Producer (BP) vote. A new vote that took place on Thursday after security firms perform an audit, produced another "not-go" result with about 11 critical vulnerabilities spotted and cured during recent 48 hours. The next vote will be at 0100 UTC on June 8, 2018, with its outcome still unclear.
Meanwhile, investors of this project are getting nervous as it is getting a bit messy. The company attracted $4B during its year-long ICO and engineered an epic hype around its project, but will they manage to deliver the promised results?
Looking technically, EOS/USD is capped by 50-DMA currently at $14.35. Once it is broken, the recovery may be extended towards the next bullish target at $15/70 which is 38.2% Fibo. On the downside, a sustainable movement under $13.46 (50% Fibo retracement) will pave the way towards $12.09 (the lowest level on June 2) and to psychological $10.00.
Author
Tanya Abrosimova
Independent Analyst
