EOS Price is Marching Towards $6 with a Stable Pace

• The EOS price has managed to grow by 13.72% in the last week
• The next halt is likely to come at the next resistance point of $5.04

EOS coin has been traded upwards and marked a 13.72% hike over the last week, and the price is now slowly growing towards a $5 price mark. The bullish market trend hints at the continuation of the growth period for EOS in the medium-term.

EOS Eyes $5.04 After 13% Weekly Surge

EOS coin price was at $4.234 at the starting of February 04, and over the next three days, it could boost its value by 10.98% and touched $4.699. Between February 07 & 08, it came across a price compression to the extent of 5.19% that took the EOS price down to $4.455. It was followed by a massive recovery of 13.02% that added $0.580 to the value by February 10 and pushed the price to $5.035, the weekly high point. Over the last 24 hours, the EOS price has been dropped by 3.34% and confined to $4.867.

EOS’s market cap has been pumped up by a reasonable margin over the last week. On February 04, the market cap was 4.040 billion USD, and currently, it is at 4.616 billion USD.

EOS’s current value is lagging behind its short term simple moving averages by a marginal change. EOS’s on-going bullish rally is likely to stay here for some more days, and if the coin maintains its trading in the higher range, it may touch the next resistance point at $5.04. If the price corrects down from the current price point, it may test next support around $4.76 as per EOS price prediction.