EOS price analysis: EOS/USD price at an inflection point on a D-day
- EOS price sits at a resistance, would either break out or fall hard.
- EOS mainnet launch at 1300 UTC on Saturday.
EOS price is sitting at an inflection point as it sits exactly at the resistance area from where it needs to break out, failing which it would fall hard on its face on a day when the EOS mainnet is being launched.
EOS/USD is up about 5 percent at $14.71 and is outperformer of the day in the weekend trading. On the 60-minute chart, EOS price is just at the resistance line area and needs to break out of it to result in any meaningful rally, or else it faces downhill road to sub-$14.
EOS mainnet is getting launched today at 1300 UTC. 'Block producers' or validators (similar to Bitcoin's miners) from all across the world voted 'yes' to the launch of mainnet.
EOS/USD 60-minute chart:
Author
Manoj B Rawal
Independent Analyst
Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.
