- EOS investors are waiting for Block producers vote, this time may be different.
- EOS/USD stays above $14.00, off intraday high.
EOS is the only coin from top-10 that is not in red on a daily basis. According to CoinMarketCap, EOS/USD gained over 2% in recent 24 hours, but the upside momentum doesn’t look convincing so far. The coin reached $14.88 high early on Friday before retracing to the current level of $14.33.
EOS community is waiting for the proprietary blockchain to go live, but the launch has been delayed several times due to critical vulnerabilities and bugs. EOS Blockchain Producer (BP) meet every day to decide whether the net is ready or not. The next voting is going to take place in less than 3 hours at 0100 UTC on June 8, 2018, and according to EOS New York, leading EOS Block Producer, chances are that the outcome would be positive.
“The security audit is not finished but no show-stopping bugs have been found. Next joint call at 0100 UTC may yield a “GO” decision. If a “GO” decision is made a joint statement will be drafted and released with instructions,” they wrote on Twitter.
“Go” decision will become a bullish trigger for the coin.
EOS technical picture
Looking technically, EOS/USD is supported by $14.00 handle, strengthened by 50-SMA (hourly chart). Once it is broken, the downside may be extended towards the next bullish target at $13.46 which is 50% Fibo. On the upside, the coin needs to clear $15.00 for a sustainable move towards the next bullish target at $15.70 (38.2% Fibo retracement).
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