- EOS is among the biggest single digit gainers with gains exceeding 8% on the day.
- As predicted yesterday, EOS spiked in gains breaking out of the descending channel.
The market is experiencing a comeback by the bulls after most of the assets defended key support areas during the declines on Tuesday. EOS is among the biggest single digit gainers with gains exceeding 8% on the day. The outlook of the market is strongly bullish as most assets record daily gains between 1 – 6%.
As reported yesterday, EOS founder Dan Larimer told the community that soon he will release one of the biggest announcements since the launch of EOSIO. No details regarding that announcement were released but what we know that it will be impactful to EOS. The big announcement is expected in June this year.
Meanwhile, as predicted yesterday, EOS spiked in gains breaking out of the descending channel. The channel resembled one that had towards mid-March which resulted in a reversal where EOS/USD traded close to $4.0. The current gains have sent EOS/USD above the critical $4.0, besides EOS is trading at $4.1. The 50 SMA is almost crossing above the 100 SMA 2-hour to show that the bulls are still gaining traction against the bears. Signals from the indicators are strongly positive hence retracement to $5.0 is a possibility.
EOS/USD 2-hour chart
Share
