The previous target of $16 was reached very quickly. We can see that originally shrunk has bounced, though not yet to previous levels -> this leads me to believe that EOS is only just warming up.
Dawn 3.0 is coming & EOS is announcing some partnerships. In this extremely market environment, a highly ambitious project like EOS is bound to perform.
Currently, as ETH is having a new hard fork the next week, we may see EOS trading somewhat sideways. Right after EtherZero is distributed, however, I believe EOS will have another rally. We could see a 3 in the first digit.
Check out my previous: