EOS Develops Upside Correction

The currency pair had a more than three percent growth on Monday. However, EOS still remain flat as there is no clear direction on the Hourly chart. The price is consolidating for several days already due to the issues with Mainnet as investors and traders are unable to make any decision.
When we look closer at the Hourly chart we can see that EOS tried to cross the resistance area at $10.54 but failed to complete this task and retreated. The currency pair fluctuates below this area in the moment of writing. The possible ways for EOS/USD are the following:
1. Red scenario (bearish). EOS will test the support area at $9.91 and if successful, sellers will have an opportunity to push the currency pair lower, targeting the next support at $9.31.
2. Orange scenario (neutral). The currency pair will stay within the current range between the resistance at $10.54 and the support at $9.91.
3. Green scenario (bullish). EOS/USD will test the resistance at $10.54 and if successful, buyers will be able to drive the currency pair towards $11.41.

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