EOS price rallied recently and traded above the $2.50 and $2.80 resistances against the US Dollar. The current price action is positive, suggesting more gains in EOS the USD, BTC and ETH.
Key Talking Points
- EOS price climbed higher sharply and broke the $2.50 resistance (Data feed of Kraken) against the US Dollar.
- Recently, there was a break above an ascending channel with resistance at $2.88 on the 4-hours chart.
- The price is placed nicely in an uptrend and it could climb above $3.00 to test the $3.20 resistance.
EOS Price Analysis
Recently, there was a solid upward move in bitcoin, Ethereum, ripple, EOS and other cryptocurrencies against the US Dollar. EOS price gained traction after it broke the $2.50 resistance area, which acted as a solid barrier on many occasions.
The chart above indicates that EOS price broke a crucial consolidation pattern with resistance at $2.40, opening the doors for a sharp rally. Buyers gained control above the $2.50 resistance and the 100 simple…
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