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.
Following the latest bearish impulse on June 27, EOS rebounded twice to reach the $2.50 resistance. The coin has fallen to the low of $2.20 in the last breakdown but made an upward correction to the recent highs.
The cryptocurrencies are in bear markets. The altcoins have all exhausted selling pressure and are in downward corrections. The bulls are making concerted efforts to push the price to the uptrend zone.