EOS price started a fresh increase from the .00 support against the US Dollar. The price is now trading above .02 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near .060 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the .10 and .12 resistance levels. EOS price is rising above .02 against the US Dollar, similar to bitcoin. The price could resume its increase if it clears the .10 and .12 resistance levels. EOS Price Analysis This week, EOS price started a fresh downside correction from the .145 resistance zone against the US Dollar. The price declined below the .10 support to move into a short-term bearish zone. There was
Topics:
Aayush Jindal considers the following as important: Altcoin News, EOS, News, Trading
This could be interesting, too:
Bilal Hassan writes Morocco to Become First Developing Country with Clear Crypto Regulations
Bilal Hassan writes Cryptopia Liquidators Distribute 0 Million to Victims of 2019 Hack
Bilal Hassan writes Mo Shaikh Steps Down as CEO of Aptos Labs to Start New Chapter
Bilal Hassan writes FTX Announces January 2025 as Effective Date for Reorganization Plan
- EOS price started a fresh increase from the $1.00 support against the US Dollar.
- The price is now trading above $1.02 and the 55 simple moving average (4-hours).
- There was a break below a key bullish trend line with support near $1.060 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
- The pair could continue to move up if it clears the $1.10 and $1.12 resistance levels.
EOS price is rising above $1.02 against the US Dollar, similar to bitcoin. The price could resume its increase if it clears the $1.10 and $1.12 resistance levels.
EOS Price Analysis
This week, EOS price started a fresh downside correction from the $1.145 resistance zone against the US Dollar. The price declined below the $1.10 support to move into a short-term bearish zone.
There was a break below a key bullish trend line with support near $1.060 on the 4-hours chart of the EOS/USD pair. The pair tested the $1.02 support zone. A low was formed near $1.013 and the price is now rising. It gained pace and was able to clear the $1.05 resistance zone.
The price climbed above the 50% Fib retracement level of the recent decline from the $1.143 swing high to $1.013 low. It is now trading above $1.02 and the 55 simple moving average (4-hours).
On the upside, an immediate resistance is near the $1.10 level. It is close to the 61.8% Fib retracement level of the recent decline from the $1.143 swing high to $1.013 low. The first major resistance is near the $1.12 level, above which the price could rise steadily.
In the stated case, it could rise towards the $1.15 level. Any more gains might send the price towards the $1.20 level. On the downside, an immediate support is near the $1.075.
The next key support is near the $1.05. If there is a downside break below the $1.005 support, the price could revisit the $1.02 support.
EOS Price
Looking at the chart, EOS price is now trading above the $1.02 level and the 55 simple moving average (4-hours). Overall, the price could continue to move up if it clears the $1.10 and $1.12 resistance levels.
Technical indicators
4-hours MACD – The MACD for EOS/USD is gaining pace in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI is now above the 50 level.
Major Support Levels – $1.05 and $1.020.
Major Resistance Levels – $1.10 and $1.12.