EOS price started a fresh decline from the .08 resistance zone against the US Dollar. The price is now trading below .0 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near .04 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the %excerpt%.98 and .00 resistance levels. EOS price is struggling below .00 against the US Dollar, similar to bitcoin. The price might attempt to recover if there is a clear move above %excerpt%.98. EOS Price Analysis In the past few days, EOS price saw a fresh drop from the .10 zone against the US Dollar. The price traded below the .05 and .02 levels to enter a bearish zone. There was a break below a key bullish
Topics:
Aayush Jindal considers the following as important: Altcoin News, EOS, News, Trading
This could be interesting, too:
Godfrey Benjamin writes Stripe Announces Integration with Avalanche
Steve Muchoki writes Consensys: US SEC Chairman Gary Gensler All Along Believed Ethereum Was Security
Chimamanda U. Martha writes Crypto Banking Firm BCB Group Receives Operational License in France
Temitope Olatunji writes MetaComp Partners with HGI to Enhance Crypto ETF Trading and Global Accessibility
- EOS price started a fresh decline from the $1.08 resistance zone against the US Dollar.
- The price is now trading below $1.0 and the 55 simple moving average (4-hours).
- There was a break below a key bullish trend line with support near $1.04 the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
- The pair could continue to decline if it stays below the $0.98 and $1.00 resistance levels.
EOS price is struggling below $1.00 against the US Dollar, similar to bitcoin. The price might attempt to recover if there is a clear move above $0.98.
EOS Price Analysis
In the past few days, EOS price saw a fresh drop from the $1.10 zone against the US Dollar. The price traded below the $1.05 and $1.02 levels to enter a bearish zone.
There was a break below a key bullish trend line with support near $1.04 the 4-hours chart of the EOS/USD pair. The pair accelerated lower below the $0.98 support zone and settled well below the 55 simple moving average (4-hours).
The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.8703 swing low to $1.094 high. On the downside, an immediate support is near the $0.950.
The 61.8% Fib retracement level of the upward move from the $0.8703 swing low to $1.094 high is also near the $0.95 zone. The next key support is near the $0.935 level.
If there is a downside break below the $0.935 support, the price could test the $0.88 support in the near term. On the upside, an immediate resistance is near the $0.98 level. The first major resistance is near the $1.00 level, above which the price might test the $1.080 level.
A clear move above the $1.08 level could start a steady increase towards the $1.15 level. Any more gains might send the price towards the $1.20 level.
EOS Price
Looking at the chart, EOS price is now trading below the $0.98 level and the 55 simple moving average (4-hours). Overall, the price could continue to decline if it stays below the $0.98 and $1.00 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 below the 50 level.
Major Support Levels – $0.95 and $0.935.
Major Resistance Levels – $0.980 and $1.00.