Brock Pierce goes all-in EOS, pushing prices by more than 26%

• EOS price gained 20% overnight in the ongoing altcoin rally in the crypto market. 
• Brock Pierce, a shareholder of Block.one, a high-performance blockchain solutions firm, sold his shares and scooped up EOS. 
• Analysts are bullish on the EOS price trend, setting a target at $5.5. 

EOS price started a massive uptrend, posting double-digit gains overnight. Analysts believe EOS could continue its uptrend to a target at $5.5. 

EOS price climbs above $3 in recent rally

EOS price has posted double-digit gains, crossing $3.11 during its recent price rally. Brock Pierce, a shareholder of a blockchain performance solutions company Block.one revealed that he is fully engaged with the project, EOS. 

Pierce was the co-founder of Block.one, the company that released EOS.io software. Pierce told his followers that he traded all of his shares in Block.one for EOS tokens. In December 2021, the EOS community had voted to stop payments to Block.one. The management of the company was accused of failing to deliver on the commitments made to EOS. 

Pierce’s return to the project is considered key to EOS development and growth. Pierce’s recent purchase of EOS fueled a bullish narrative among investors. 

Analysts have evaluated the EOS price trend and predicted a continuation of the altcoin’s uptrend. EOS price could eye a target at $5.5. @Mesawine1, a pseudonymous cryptocurrency analyst, believes the weekly range low is a massive support for EOS price. The analyst argues a $5.5 target is a great first if the altcoin’s uptrend picks up pace. 

Analysts have noted a bullish divergence on the daily EOS price chart and predict a steady climb to the next target above $3.11.