Yesterday, buyers were able to push EOS above the $3.10 overhead resistance as the market shot up to $3.30 high. This is a positive move as the bulls were able to break the three months old resistance level.
Since April, buyers have been attempting to break the overhead resistance at $3.10. The coin has suffered several breakdowns before reaching the recent high of $2.70.
Bitcoin has consistently hovered above $9,200 as BTC shows signs of weakness. The bottom line is that after the last bearish impulse of June 25, Bitcoin has been consolidating between $9,000 and $9,500.
EOS has continued to make impressive moves to return to the peak price of $3.10. Buyers were on hand as they pushed the price to $2.90 high but failed to sustain the uptrend.
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