While the Alt Season is on its peak and enormous cryptocurrencies are showcasing their astonishingly brilliant performance so far, the market witnessed one more crypto that will perhaps double its price before the start of 2020.
EOS, a blockchain based, decentralized operating system, was initially designed to support commercial-scale decentralized applications by providing all of the necessary core functionality.
Created in the year 2017 by Dan Larrimer, this crypto might have struggled in its initial days but things have now drastically changed for EOS.
EOS in the Present Scenario:
Now let’s focus on where EOS stands as of now.
Well, to begin with, if you too are a stake holder in EOS, this is time to celebrate.
This is so because the last few weeks have witnessed literally strong bullish momentum of EOS. Moreover, to keep exact facts and figures in mind, it must be noted that EOS is already up by 205% so far this year. And 205% is no less amount.
A careful inspection of the chart will reveal that EOS has successfully breached the resistance of $6.00. the breakout from a large inverse head-and-shoulders pattern was triggered because of this.
Moreover, keeping in mind the fact that the EOS is now trading above $8.00, the technical reversal also looks valid. The fact that must be kept in mind is that there is a growth of more than 33% since the breakout and its actually a significant change.