- EOS price sees chunky pull back after starting session down as much as 6%.
- Supply zone gives bears upper hand again, as selling from Tuesday’s highs kicked in.
The EOS price was seen broadly flat on Wednesday, after being hammered with losses up to 6% at the start of the session. A general cooling was seen across the cryptocurrency market on Wednesday, after the chunky bull run on Tuesday.
EOS/USD has seen a lack of committed direction for over a week now, swinging between $8 and $7 territories. Yesterday (Tuesday) saw a strong rally of some 15%, moving to highs of $8.96 before running out of momentum.
Technically, resistance in the near-term is seen from $8.60-8.70, a touted supply zone, which the bulls ran through on Tuesday, however given the momentum has slowed down, this may prove more difficult to break down. Support is eyed at $8.32, 50MA and $8.21, 100MA.
EOS/USD 60-minute chart
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