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  • EOS has recovered some 20%, after the drop from Friday to Sunday.
  • A rising wedge pattern is seen on the 30-minute chart.

 

The EOS price managed to receive a decent amount of buying, after the heavy sell-off seen across the market from Friday to Sunday. During the session on Monday, EOS was seen holding decent gain of just above 2%.

EOS/USD dropped to its lowest levels over the weekend, seen since April earlier this year, after a large drop was seen for most of the cryptocurrencies, moving in tandem. EOS had initially dropped over 35% on Friday to Sunday. Since the fall, over the last two sessions, it has managed to recover some 20%.

Technically, EOS/USD looks potentially subject to a breakout to the downside from current levels, a rising wedge pattern is seen on the 30-minute chart. Near-term resistance seen at $8.55, with support seen at $8.00.

 

EOS/USD 60-minute chart