EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend?
EOS attempts to become a fully decentralized network following a key hard fork in September. EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021.Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which gained over 2% and 3.75%, respectively. But, the upside move was also driven by a flurry of uplifting updates emerging from the EOS ecosystem.EOS/USD daily price chart. Source: TradingViewEOS incentive program launchOn Aug. 14, the EOS....
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Avalanche (AVAX) price breaches an uptrend lingering in the ascending parallel channel for two months now. AVAX price dips below the ascending channel, breaching an uptrend for two months Avalanche price slides further down to $25 Price tagged in the buy zone but lacks impetus to maintain the ascending parallel channel Even though AVAX was able to break above $30, the coin wasn’t able to fill in the cracks to $40. At first, support seen at $28 controlled the bears’ grasp on the price but AVAX price retraced at $26.22 and is in danger of plunging further down to $25....
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Bitcoin is eyeing a bull revival above the psychological resistance of $11,000, but a strengthening dollar could put a spanner in the works.
Ethereum unstoppable rally keeps on ranging towards uncharted territory. The cryptocurrency has been on seamlessly never-ending price discovery in 2021. The outlook is bullish and any prediction, at the moment, seems conservative. At the time of writing, ETH trades at $4,162 with a 9.3% in the daily chart. In the weekly and monthly chart, ETH […]