EOS Is Surging amid Altcoin Rally
EOS has surged by 23.7% to $1.3319, pulling back from a high of $1.5390 earlier this week—the highest level since September 12, 2022. The ongoing rally in the altcoin market has been a key driver of this upward momentum. A major catalyst was the announcement of Paul Atkins, a known crypto advocate, as the nominee for the Securities and Exchange Commission (SEC) by U.S. President-elect Donald Trump. This news propelled the entire crypto market, with Bitcoin (BTC) climbing 8.8% to a new all-time high of $104,498. EOS followed suit, spiking by 36.3% in response.
However, the sharp increase has left EOS in overbought territory, suggesting a potential retracement to around $1.1000 before any further upward movement. Such a pullback could provide a healthier foundation for sustained gains.
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