EOS (EOS/USD) Price Analysis: Next move for EOS, as the ecosystem sees great growth

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  • Block.one tweets about exponential growth seen on the ecosystem for EOS.
  • EOS/USD trapped within a triangular pattern, however breakout is right around the corner.

 

The EOS price on Tuesday was seen nursing very minor losses of just some 0.3%. A lack of solid commitment in terms of trend, continues to be the unfortunate theme. This being the case despite the positive developments seen around the foundation.  

Recently tweeted via the Block.one official Twitter account, they noted:

“Since the launch of the #EOS public blockchain, it has been exciting to see a growing ecosystem of blockchain-based applications #BuiltOnEOSIO.” 

An encouraging prosperous message from the foundation. As they report of solid dApp growth.

EOS/USD price has been heavily dictated by a triangular pattern. This has been the case since the early part of September. Narrowing within, suggesting that a breakout could very much be right around the corner. Immediate support is seen at $5.20, with resistance eyed at $5.60.

 

EOS/USD 60-minute chart

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