EOSUSD recovers 50% from the low of $4.05, jump till $8 likely

EOS was one of the bet performing altcoin in past 24 hour and has jumped almost 15% from the low. It has jumped more than 50% from the low of $4.05.

EOS.IO is a platform coin powered by EOS which support industrial-scale decentralized applications.

Recent development and News:

EOS has retained its first place for third month in a a row in ranking of public blockchain projects released by Chinese government.

MEET.ONE@MeetDotOne

EOS Dapp ecosystem 1.8 version:
More and more teams based on Ethereum have turned to EOS.
Excellent team work together to create EOS eco-prosperity. #EOS #eosio

9:18 AM - Aug 13, 2018

Technical:

The pair near term resistance is around $6.69 (55- day EMA) and any break above targets $7.22 (61.8% fib)/$8/$8.55 (38.2% fib).

On the lower side, near term support is around $5.80 and any violation below targets $5.06 (20- day MA)/$4. It should break below $4 for further direction.

It is good to buy on dips around $5.80 with SL around $5 for the TP of $7.22/$8