EOS Price Analysis: EOS/USD takes a shot towards the moon, well the $7 mark for now
- EOS price was seen up on Friday, outperforming most of its peers, with modest gains of 1.50%.
- EOS/USD has surged over 30% this week with its big bull gains, sights on a return to $7.00.
The EOS price was seen outperforming a large amount of its peers during trading on Friday, holding modest gains of 1.5% in the session. Continuing what has been a strong week for the crypto, seeing a week advance of over 30%.
EOS/USD pick up strong momentum after being as low as $4.92 at the start of the week, to run up to week highs of $6.49. The bulls managed to drive the price up to its highest levels since the start of the month, 7th August.
Technically, there are some minor barriers of resistance seen for EOS/USD, near-term supply zones run from $6.25-6.50. The current move north is being supported by an ascending trend line, which has been running since 27th August, immediate support eyed at $6.07-6.08.
EOS/USD 4-hour chart
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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.
