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.
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.
EOS was in a bull market as it reached a high of $2.90 on June 2. The coin reached the overbought region of the market. Sellers emerged to push the coin downward.
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.