EOS News

EOS May Reclaim $3 Price Mark Soon

EOS has recently formed a handful of bullish candles as the coin targets the $3 price mark with positive bias. Yesterday’s mild sluggishness has taken a very optimistic turn today in the crypto market; the leading cryptocurrency Bitcoin has managed to rally above $9500 in the last couple of days.

While EOS has gained control over bulls today, it is also set to get its user base a bit excited. Block.one, which presented the EOSIO challenge lately, has announced Syed Jafri as a winner of the challenge. The Challenge was designed to find a better solution for blockchain interoperability. With this, industrial innovations are likely to skyrocket.

However, the altcoin, which is busy keeping its uptrend intact for now, is yet to see any visible impact of this challenge on its price. It was just yesterday when the EOS price was sluggishly trading below the 78.60% fib level. Today‚Äôs price moves have caused the crypto coin to jump above $2.6 smoothly and quickly. 

EOS is having its second price rise of today as the first one occurred in the initial hours of today. The currency seems to have a support level at the 23.60% fib level. Currently, the coin is firmly marching towards $3. All the technicals of the EOS coin are in the positive zone. The MACD indicator has just formed a bullish crossover, and the price is above the 200-day EMA line. 

Jason Palmer

Jason Palmer joined CoinNewsSpan as an editor and analyst. He has over five years of experience as a forex analyst. He holds a master's degree in business administration with specialization in finance. He is actively involved in analyzing the prevalent crypto trends. He has a keen interest in commodities and forex trading.

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