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  • EOS drops back to where it rallied from.
  • Sits just around a critical line.

EOS, the crypto that surprised investors and traders alike in April by rallying more than 300 percent in no time, has come down back to where it rallied from and now is sitting just around a critical resistance line which won’t let it rally much unless crossed.

EOS/USD up 1 percent on day at $7.043, bouncing from the low of $6.892. A quick look at the medium term chart of the crypto, on the 480-minute chart, EOS is sitting just below the resistance line – resistance currently placed at $7.17.

Inability to cross this resistance would take it down to immediate support of $6.80 where it has been able to bounce in the last few days every time it fell.

EOS/USD 480-minute chart: