There were no special drivers behind the coin’s dynamic, but it is worth mentioning that Brendan Blumer, Block. One's CEO , claims EOS has “the most powerful infrastructure for building decentralized applications (DAPPs)”. Putting it another way, this coin was created to solve the centralization problem because it satisfies all the participants’ interest.
Meanwhile, the coin’s correction continued. The price is meandering a little bit lower the 50% Fibo. This is a critical mark that should sustain the pressure. If the bulls succeed, they meet the next resistance at 20-day at $16.60.
On the downside, the break of 50-day at $11.88 will let EOS/USD to check the support at $10 level where the descending lies.
By today, the digital currency lost the major part of its impulse and may stay stuck in a range for several days before a new trend begins. In case EOS/USD breaks the and is able to settle above it, we’ll change our view.