EOS/USDT – Double Bottom Formation Signals Potential 200% Upside

hi Traders

The EOS/USDT chart is currently showing a classic double bottom pattern, a strong bullish reversal signal typically seen after prolonged downtrends. This formation is evident with two distinct troughs forming near the $0.50–$0.55 range, followed by a recent price uptick indicating the start of a potential breakout.

The projected target for this breakout is around $1.72, which represents a 200% increase from the current level of approximately $0.57. This target aligns with a key horizontal resistance level from previous market structure.

If bullish momentum continues and volume supports the move, EOS could revisit this critical resistance zone in the coming weeks, making this a potential high-reward setup for traders eyeing a medium-term opportunity.

It may take some time but the patience will be rewarded!