EOS price analysis: EOS/USD may have another final push to $15 before heavy resistance comes into play
- EOS/USD rallies 1.5% during the session on Monday, as EOS looks to further build on last week's gains.
- The price is moving within a touted supply zone, bulls will attempt to overcome to attack $15.
The EOS price is seen up 1.5% on Monday, as the crypto looks to capitalise on the large outperformance it had last week in comparison to its peers. The price jumped over 40% during its bull run.
Since 19th March EOS/USD has made some tremendous ground in its recovery. The price has moved up over 200%, from $3.89 up to recent highs of $12. Fortunately for the bulls, they were able to receive a help in hand by some of the hype around the eos/DAC airdrop.
EOS/USD bulls are currently attempting to break down a touted supply zone, this is seen tracking between $11-12. If the momentum remains tilted to the upside, then it wouldn’t be out of the possibility for $15 to be achieved again. These levels were last seen at the start of the year in January. Support looks steady within the mid $9 region, should the bears look at selling any recent rallies.
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.
