EOS up nearly 20%, token reaches 3-month high

Today’s price surge comes despite the global crypto-currency market capitalization dropping nearly 2% at the time of writing.

EOS was one of Wednesday’s biggest gains, with the token’s price soaring 20 percent. Today’s gains come three days after EOS began accepting registrations for its upcoming Yield+ incentive program.

The program, which is essentially a reward offer, will be distributed on August 28, exactly two weeks after enrollment opens.

As a result, EOS hit a high of $1.64 on Wednesday. This comes less than a day after hitting a low of $1.28. Wednesday’s high is the strongest point for the token since May 11, and follows a breach of a key price ceiling.

Looking at the chart, that resistance was at the $1.43 level, which has been in place for the past three months.

After today’s rally, the Relative Strength Index (RSI) is now at a high of 70.33, which is slightly above a ceiling of 69.