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EOS Price Analysis: Can Bulls Start Fresh Rally?

Summary:
EOS price is recovering higher from the %excerpt%.880 support zone against the US Dollar. The price is now trading below .05 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near .03 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it climbs above the .05 and .12 resistance levels. EOS price is recovering above %excerpt%.95 against the US Dollar, like Bitcoin. The price might continue to rise if it clears the .050 resistance. EOS Price Analysis In the past few days, EOS price struggled to stay above the .250 resistance against the US Dollar. The price topped near .3631 and started a fresh decline. There was a move below the .200 and .10 levels. It

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  • EOS price is recovering higher from the $0.880 support zone against the US Dollar.
  • The price is now trading below $1.05 and the 55 simple moving average (4 hours).
  • There is a key bearish trend line forming with resistance near $1.03 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could start a fresh increase if it climbs above the $1.05 and $1.12 resistance levels.

EOS price is recovering above $0.95 against the US Dollar, like Bitcoin. The price might continue to rise if it clears the $1.050 resistance.

EOS Price Analysis

In the past few days, EOS price struggled to stay above the $1.250 resistance against the US Dollar. The price topped near $1.3631 and started a fresh decline.

There was a move below the $1.200 and $1.10 levels. It even spiked below $0.920. A low was formed near $0.8800 and the price is now recovering higher. There was a move above the $0.950 level. The price cleared the 23.6% Fib retracement level of the downward move from the $1.3631 swing high to the $0.8800 low.

EOS is now trading below $1.050 and the 55 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $1.03 on the 4-hour chart of the EOS/USD pair.

On the upside, immediate resistance is near the $1.050 level and the trend line. The next major resistance is near the $1.120 level or the 50% Fib retracement level of the downward move from the $1.3631 swing high to the $0.8800 low, above which the price might test the $1.20 level.

Any more gains might send the price toward the $1.250 level. The next major hurdle sits at $1.350. On the downside, immediate support is near the $0.950 level.

The next key support is near the $0.880 level. If there is a downside break below the $0.880 support, the price could test the $0.800 support in the near term.

EOS Price Analysis: Can Bulls Start Fresh Rally?
EOS Price

Looking at the chart, EOS price is now trading below the $1.05 level and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase if it climbs above the $1.050 and $1.120 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 – $0.950 and $0.880.

Major Resistance Levels – $1.050 and $1.120.

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