EOS is one of the few coins in the top 10 that has held its gains in the last 24hrs, currently up 1.64% against BTC. Cardano (ADA) and Litecoin (LTC) were also strong performers through the morning but both have recently plunged into the red as the market took a sudden dip. In the news this week leading crypto exchange, Bitfinex, released the beta of their new decentralized exchange called EOSFinex, which is built using EOS.io technology. This may have been a reason why the asset has managed to hold on to its bullish support today, while the majority of other altcoins have sunk.
With EOS now within a 5% range of a key triangle pattern resistance, can bullish momentum sustain through the weekend and test this area, or will the asset unravel as bulls lose steam at this critical level? Let’s see what the chart tells us.
Catching up with the 4hr EOS/BTC chart now, we can see that ...
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