EOS Price Analysis: Up More Than 25%, Bulls Eyeing $7.00 and $8.00

EOS price rallied sharply above the $5.270 and $5.780 resistance levels against the US Dollar.The price jumped above $6.500 and traded towards the $6.950 and $7.000 resistances.There is a major bullish trend line forming with support near $6.220 on the 4-hours chart of the EOS/USD pair (data feed from Binance).The pair remains well supported on the downside near the $6.420 and $6.220 levels.EOS Price AnalysisThe past few days were very bullish, with heavy gains in bitcoin, Ethereum, ripple, litecoin and EOS against the US Dollar. Earlier, EOS price settled above the $5.250 resistance levels and started consolidating gains. It traded in a broad range and finally climbed above the $5.550 and $5.780 resistance levels. It opened the doors for more gains above the $6.000 resistance and the price settled well above the 55 simple moving average (4-hours). The recent upward move was strong above the $6.205 and $6.550 resistance levels.The…

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