EOS price started a fresh increase from the .06 support against the US Dollar. The price is now trading above .12 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near .15 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 .20 and .232 resistance levels. EOS price is rising above .12 against the US Dollar, similar to bitcoin. The price could resume its increase if it clears the .200 and .232 resistance levels. EOS Price Analysis This past week, EOS price found support near the .06 support against the US Dollar. The price traded as low as .066 and the price started a fresh increase. The price gained pace and climbed above
Topics:
Aayush Jindal considers the following as important: Altcoin News, EOS, News, Trading
This could be interesting, too:
Temitope Olatunji writes X Empire Unveils ‘Chill Phase’ Update: Community to Benefit from Expanded Tokenomics
Bhushan Akolkar writes Cardano Investors Continue to Be Hopeful despite 11% ADA Price Drop
Bena Ilyas writes Stablecoin Transactions Constitute 43% of Sub-Saharan Africa’s Volume
Chimamanda U. Martha writes Crypto Exchange ADEX Teams Up with Unizen to Enhance Trading Experience for Users
- EOS price started a fresh increase from the $1.06 support against the US Dollar.
- The price is now trading above $1.12 and the 55 simple moving average (4-hours).
- There was a break above a key bearish trend line with resistance near $1.15 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 $1.20 and $1.232 resistance levels.
EOS price is rising above $1.12 against the US Dollar, similar to bitcoin. The price could resume its increase if it clears the $1.200 and $1.232 resistance levels.
EOS Price Analysis
This past week, EOS price found support near the $1.06 support against the US Dollar. The price traded as low as $1.066 and the price started a fresh increase.
The price gained pace and climbed above the $1.10 and $1.12 resistance levels. EOS price traded above the 50% Fib retracement level of the downward move from the $1.2016 swing high to $1.0660 low. Besides, there was a break above a key bearish trend line with resistance near $1.15 on the 4-hours chart of the EOS/USD pair.
It is now showing a few positive signs above $1.15 and the 55 simple moving average (4-hours). On the upside, an immediate resistance is near the $1.17 level.
It is close to the 76.4% Fib retracement level of the downward move from the $1.2016 swing high to $1.0660 low. The first major resistance is near the $1.200 level, above which the price could rise steadily. In the stated case, it could rise towards the $1.232 level.
Any more gains might send the price towards the $1.28 level. On the downside, an immediate support is near the $1.140 and the 55 simple moving average (4-hours).
The next key support is near the $1.10. If there is a downside break below the $1.100 support, the price could revisit the $1.065 support. If there is a downside break, the price could decline towards the $1.00. Any more losses could send the price towards the $0.95 level.
EOS Price
Looking at the chart, EOS price is now trading above the $1.12 level and the 55 simple moving average (4-hours). Overall, the price could continue to move up if it clears the $1.20 and $1.232 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 – $1.14 and $1.10
Major Resistance Levels – $1.20 and $1.232.