Originated for commercializing the decentralized application or DAPPS, the goal of EOS blockchain is to simplify the process of integrating smart contracts. EOS.IO is the blockchain, while EOS is its cryptocurrency meant for validating smart contracts. This open chain blockchain has been showing signs of some strong momentum.
EOS Technical Analysis
Immediate Resistance: $4.33
Immediate Support: $3.47
EOS on hourly charts faces stiff resistance near the upper end of its price action at $4.33. Without breaking this resistance, it will have difficulty in maintaining the bullish sentiment on this crypto. EOS is showing a good potential to reclaim its all-time high in the time to come. Once it breaks through the resistance placed at $4.33 levels, there will be a new-found buying sentiment on this crypto as per our EOS prediction.
On a broader market comparison, EOS is a lot stronger and outperforms the greater crypto assets. In such a scenario, getting your hands on EOS could be like owning a gold mine. Although EOS is not the only crypto that has been outperforming, it shows strong potential because of consistently rising RSI levels without any downward swings.
Source: https://www.cryptonewsz.com/eos-is-set-for-a-breakout/
