EOS sinks beneath the POC, but could the buyers force a reversal?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.EOS has performed well in the markets and maintained its upward trajectory despite uncertainty across the market.
Even though Bitcoin has retraced a good portion of its gains over the past two weeks, EOS was quick to rebound.Read EOS Price Prediction 2023-24This was a show of strength.
Coins resilient during a BTC dump, or the ones that are quick to recover, are generally strong coins for buyers and could outperform a good chunk of the other mid-cap coins.
Apart from relative strength, technical reasons were also observed for EOS’s recent performance.Source: EOS/USDT on TradingViewThe Visible Range Volume Profile showed the Point of Control at $1.26.
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