- EOS nursing losses just shy of 3% on Thursday, losing further upside momentum.
- EOS/USD is stuck in-between the 50% and 38.2% Fibonacci, moving within a narrow range.
The EOS price was seen down almost 3% on Thursday, further losing upside momentum, that was seen in the early part of the week. Across the crypto market a cooling in price has been evident, after big areas of resistance were hit on Wednesday.
EOS/USD price has been caught within a range, stuck between the 50% Fibonacci and 38.2%, given the surge seen from the 27th August, this slow down isn’t too surprising. Bulls are appearing to as per usual after such a move, taking a breather, ahead of another journey north.
Technically, should the bulls manage to make a break above the current range of which it is stuck within, then expect a decent potential run up towards $7.00 territory, there isn’t too much in the way of this. Support is as mentioned being found around the 38.2% Fibonacci, seen around $5.85.
EOS/USD 4-hour chart
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