EOS Price Watch: Watch Out for Its MainNet Launch

EOS Price Key HighlightsEOS will also have its MainNet launch on June 1 to make it independent of the Ethereum network.
Price is trading in a descending channel on the 4-hour chart and a pullback to the top seems due.
Strong bullish momentum could spur a break past the area of interest and retracement levels.EOS could see a reversal from its downtrend if the MainNet launch goes well, although there are key resistance areas nearby.
Technical Indicators Signals
The 100 SMA is below the longer-term