EOS price started a fresh increase above the .40 resistance zone against the US Dollar. The price is now trading near .50 and the 55 simple moving average (4-hours). There is a short-term rising channel forming with support near .48 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend increase if it clears the .60 resistance zone. EOS price is showing bullish signs above .45 against the US Dollar, similar to bitcoin. The price could continue to rise unless there is a clear move below .45. EOS Price Analysis This past week, EOS price saw a decent increase from the .32 support zone against the US Dollar. The price was able to clear the .40 and .42 resistance levels. The price spiked above the .50 level and the 55
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- EOS price started a fresh increase above the $2.40 resistance zone against the US Dollar.
- The price is now trading near $2.50 and the 55 simple moving average (4-hours).
- There is a short-term rising channel forming with support near $2.48 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
- The pair could extend increase if it clears the $2.60 resistance zone.
EOS price is showing bullish signs above $2.45 against the US Dollar, similar to bitcoin. The price could continue to rise unless there is a clear move below $2.45.
EOS Price Analysis
This past week, EOS price saw a decent increase from the $2.32 support zone against the US Dollar. The price was able to clear the $2.40 and $2.42 resistance levels.
The price spiked above the $2.50 level and the 55 simple moving average (4-hours). Besides, there was a move above the 50% Fib retracement level of the key decline from the $2.77 swing high to $2.31 low. However, the price faced a strong resistance near the $2.60 level.
It struggled to clear the 61.8% Fib retracement level of the key decline from the $2.77 swing high to $2.31 low. It is now consolidating near $2.50 and the 55 simple moving average (4-hours). On the downside, the first major support is near the $2.48 level.
There is also a short-term rising channel forming with support near $2.48 on the 4-hours chart of the EOS/USD pair. The next support is now forming near the $2.450 zone. If there is a downside break below $2.45, the price might drop to $2.32.
Any more losses might call for a move towards the $2.25 level in the near term. An initial resistance on the upside is near the $2.55 level. The main resistance is still near the $2.60 level.
A clear move above the $2.60 level is needed to gain bullish momentum in the near term. The next major resistance is near $2.76, above which the price could rise to $3.00.
EOS Price
Looking at the chart, EOS price is now trading near $2.50 and the 55 simple moving average (4-hours). Overall, the price could extend increase if it clears the $2.60 resistance zone.
Technical indicators
4-hours MACD – The MACD for EOS/USD is losing pace in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI is now above the 50 level.
Major Support Levels – $2.45 and $2.32.
Major Resistance Levels – $2.60 and $2.76.