EOS/USD goes up by 20% as bulls have a triumphant day

EOS/USD went up from $2.92 to $3.52 charting a 20% increase in their value.
Bulls have eyes set on the critical $4.25 resistance.

Rajarshi Mitra Independent Analyst

EOS/USD’s price has increased by a staggering 20% value, going up from $2.92 to $3.52 this Monday. On a day when the entire crypto market has been on the rise thanks to positive sentiment from JP Morgan’s JPM Coin, EOS/USD’s growth percentage has been the highest. The EOS/USD bulls will now want to maintain the momentum and breach past the $4.25 resistance level.

EOS/USD daily chart

The bulls took momentum and zoomed past resistance at $3.10. Currently, the market is trending above the 100-day simple moving average (SMA 100) curve, which indicates an extremely bullish market. The buyers have the critical $4.25 resistance line in sight. If they can gain more momentum, it is highly possible that the $4.25 resistance line will be breached as well.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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