EOS price rallied above .00 before it faced resistance near .95 against the US Dollar. The price is now trading just below the .00 support and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near .80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to resume higher unless there is a clear break below .80 and .65. EOS price is holding gains above .80 against the US Dollar, similar to bitcoin. The price must clear .10 and .35 to start a fresh increase. EOS Price Analysis EOS price saw a decent increase above the .00 resistance zone against the US Dollar. The price broke the .50 resistance level and the 55 simple moving average (4-hours) to move into a positive
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- EOS price rallied above $5.00 before it faced resistance near $5.95 against the US Dollar.
- The price is now trading just below the $5.00 support and the 55 simple moving average (4-hours).
- There is a crucial bullish trend line forming with support near $4.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
- The pair is likely to resume higher unless there is a clear break below $4.80 and $4.65.
EOS price is holding gains above $4.80 against the US Dollar, similar to bitcoin. The price must clear $5.10 and $5.35 to start a fresh increase.
EOS Price Analysis
EOS price saw a decent increase above the $5.00 resistance zone against the US Dollar. The price broke the $5.50 resistance level and the 55 simple moving average (4-hours) to move into a positive zone.
The price even spiked above the $5.80 level, but there was no upside continuation. A high is formed near $5.94 and the price recently corrected lower. There was a break below the $5.50 support level. The price even spiked below the $5.00 level.
It is now trading just below the $5.00 support and the 55 simple moving average (4-hours). It is testing the 23.6% Fib retracement level of the recent decline from the $5.94 high to $4.72 low. There is also a crucial bullish trend line forming with support near $4.80 on the 4-hours chart of the EOS/USD pair.
The first key resistance is near the $5.10 and the 55 simple moving average (4-hours). The next major resistance could be $5.35. It is near the 50% Fib retracement level of the recent decline from the $5.94 high to $4.72 low.
To start a fresh increase, the price must settle above the $5.35 level. On the downside, the first major support is near the $4.80 zone. If there is a downside break below the trend line support, there could be a move towards the $4.60 support. Any more losses might lead the price towards $4.00.
EOS Price
Looking at the chart, EOS price is now trading just below $5.00 and the 55 simple moving average (4-hours). Overall, the price is likely to resume higher unless there is a clear break below $4.80 and $4.65.
Technical indicators
4-hours MACD – The MACD for EOS/USD is slowly gaining pace in the bearish zone.
4-hours RSI (Relative Strength Index) – The RSI is now below the 50 level.
Major Support Levels – $4.80 and $4.60.
Major Resistance Levels – $5.10 and $5.35.