- EOS/USD is one of the growth leaders on a weekly basis.
- Bulls set their eyes at $6.26.
EOS/USD was one of the big winners of the previous week. The coin has gained over 14% in recent seven days and tested $4.47 high on Friday. Since that time, EOS has settled in a range limited by $4.00 on the downside and $4.40 on the upside.
EOS is now the 4th largest digital asset with the market value of $3.79B and an average daily trading volume $900M.
EOS technical picture
On the intraday charts, EOS/USD is trying to push above SMA100 (1-hour) currently at $4.29. Once this local barrier is cleared, the upside may be extended towards $4.40, which is the upper boundary of the recent channel, followed by the recent high of $4.47 and psychological $5.00.
We will need to see a sustainable move higher to get the short-term bullish trend on track with the next focus at $6.26 (SMA50 on weekly charts).
On the downside, watch out for $4.00 and $3.8 (DMA200, as this area separates us from an extended correction towards $3.1 (DMA100) and psychological $3.00.
EOS/USD, 1D chart
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