Tuesday , March 19 2024
Home / Altcoins / EOS Price Analysis: Downtrend Intact Below $0.9

EOS Price Analysis: Downtrend Intact Below $0.9

Summary:
EOS price started a fresh decline below the .00 support against the US Dollar. The price is now trading below .00 and the 55 simple moving average (4-hours). There was a break below a key bullish trend lien with support at .15 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the %excerpt%.90 and %excerpt%.92 resistance levels. EOS price is struggling below .00 against the US Dollar, similar to bitcoin. The price remains at a risk of a sharp decline below the %excerpt%.75 support. EOS Price Analysis This past week, EOS price started a fresh decline below the .00 zone against the US Dollar. The price traded below the %excerpt%.90 and %excerpt%.88 levels to enter a bearish zone. The pair accelerated lower below the %excerpt%.85

Topics:
Aayush Jindal considers the following as important: , , ,

This could be interesting, too:

Benjamin Godfrey writes TEN Secures M Funding from Round Led by R3 Consortium

Benjamin Godfrey writes MANTRA Seeks to Drive RWA Tokenization with License Push in Hong Kong and UAE

staff writer writes FTX and Alameda Research Transactions May Have Caused Ethereum Price Drop

Benjamin Godfrey writes Binance-Incubated UGC Platform NFPrompt Discloses Significant Losses from Latest Hack

  • EOS price started a fresh decline below the $1.00 support against the US Dollar.
  • The price is now trading below $1.00 and the 55 simple moving average (4-hours).
  • There was a break below a key bullish trend lien with support at $1.15 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could continue to move down if it stays below the $0.90 and $0.92 resistance levels.

EOS price is struggling below $1.00 against the US Dollar, similar to bitcoin. The price remains at a risk of a sharp decline below the $0.75 support.

EOS Price Analysis

This past week, EOS price started a fresh decline below the $1.00 zone against the US Dollar. The price traded below the $0.90 and $0.88 levels to enter a bearish zone.

The pair accelerated lower below the $0.85 support zone and settled well below the 55 simple moving average (4-hours). Besides, there was a break below a key bullish trend lien with support at $1.15 on the 4-hours chart of the EOS/USD pair.

The recent low was formed near $0.790 before the price is now consolidating losses. There was a minor move above the $0.820 resistance zone. On the upside, an immediate resistance is near the $0.850 level. The first major resistance is near the $0.890 level. It is near the 23.6% Fib retracement level of the downward move from the $1.217 swing high to $0.790 low.

The next major resistance is near $0.950, above which the price might test the 50% Fib retracement level of the downward move from the $1.217 swing high to $0.790 low.

Any more gains might send the price towards the $1.05 level. On the downside, an immediate support is near the $0.800. The next key support is near the $0.750 level. If there is a downside break below the $0.750 support, the price could test the $0.620 support in the near term.

EOS Price Analysis: Downtrend Intact Below $0.9

EOS Price

Looking at the chart, EOS price is now trading below the $1.00 level and the 55 simple moving average (4-hours). Overall, the price could continue to move down if it stays below the $0.90 and $0.92 resistance levels.

Technical indicators

4-hours MACD – The MACD for EOS/USD is gaining pace in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is now well below the 50 level.

Major Support Levels – $0.80 and $0.750.

Major Resistance Levels – $0.890 and $0.95.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *