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EOS Price Analysis: Risk of More Losses Below $0.95 Escalates

Summary:
EOS price started a fresh decline after it failed to clear .1350 against the US Dollar. The price is now trading below .050 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at .10 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the .00 and .020 resistance levels. EOS price is struggling below .020 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above .020. EOS Price Analysis In the past few days, EOS price saw a fresh decline from the .1350 resistance against the US Dollar. The price traded below the .110 and .050 levels to move into a bearish zone. There was a

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  • EOS price started a fresh decline after it failed to clear $1.1350 against the US Dollar.
  • The price is now trading below $1.050 and the 55 simple moving average (4 hours).
  • There was a break below a key bullish trend line with support at $1.10 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could continue to decline if it stays below the $1.00 and $1.020 resistance levels.

EOS price is struggling below $1.020 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $1.020.

EOS Price Analysis

In the past few days, EOS price saw a fresh decline from the $1.1350 resistance against the US Dollar. The price traded below the $1.110 and $1.050 levels to move into a bearish zone.

There was a break below a key bullish trend line with support at $1.10 on the 4-hour chart of the EOS/USD pair. The pair even declined below the 50% Fib retracement level of the upward move from the $0.880 swing low to the $1.1364 high.

EOS is now trading below $1.050 and the 55 simple moving average (4 hours). It is facing resistance near the $1.00 zone. The next resistance is near the $1.020 zone.

If there is a recovery wave, the price might struggle near the $1.020 zone. The next resistance is near $1.0750. A clear move above the $1.0750 level could start a steady increase toward the $1.1350 level. Any more gains might send the price toward the $1.20 level.

On the downside, immediate support is near $0.940 or the 76.4% Fib retracement level of the upward move from the $0.880 swing low to the $1.1364 high.

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 $0.750 support in the near term.

EOS Price Analysis: Risk of More Losses Below $0.95 Escalates
EOS Price

Looking at the chart, EOS price is now trading below the $1.050 level and the 55 simple moving average (4 hours). Overall, the price could continue to decline if it stays below the $1.00 and $1.020 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 – $0.940 and $0.880.

Major Resistance Levels – $1.020 and $1.0750.

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