Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000
- EOS price is trading in a bearish zone below the $0.80 support against the US Dollar.
- The price is now trading above $0.66 and the 55 simple moving average (4 hours).
- There was a break above a key bearish trend line with resistance near $0.660 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase).
- The pair could continue to rise toward the $0.75 and $0.78 resistance levels.
EOS price is struggling below $0.80 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $0.75.
EOS Price Analysis
In the past few sessions, EOS price range moves below the $0.65 resistance against the US Dollar. The price remained stable above the $0.590 and $0.600 support levels.
A low is formed near $0.5987 and the price is now attempting an upside correction. There was a move above the $0.630 and $0.650 resistance levels. Besides, there was a break above the 23.6% Fib retracement level of the downward move from the $0.9040 swing high to the $0.5987 low.
There was also a break above a key bearish trend line with resistance near $0.660 on the 4-hour chart of the EOS/USD pair. The price is now trading above $0.66 and the 55 simple moving average (4 hours).
On the upside, immediate resistance is near the $0.75 level or the 50% Fib retracement level of the downward move from the $0.9040 swing high to the $0.5987 low. The next major resistance is near the $0.780 level, above which the price might test the $0.80 level. Any more gains might send the price toward the $0.900 level.
On the downside, immediate support is near the $0.675 level. The next key support is near the $0.64 level. If there is a downside break below the $0.640 support, the price could test the $0.60 support in the near term.
Looking at the chart, EOS price is now trading above the $0.66 level and the 55 simple moving average (4 hours). Overall, the price could continue to rise toward the $0.75 and $0.78 resistance levels in the near term.
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 – $0.675 and $0.640.
Major Resistance Levels – $0.750 and $0.780.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- EVM Finance. Unified Interface for Decentralized Finance. Access Here.
- Quantum Media Group. IR/PR Amplified. Access Here.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.livebitcoinnews.com/eos-price-analysis-bulls-sight-recovery-to-0-78/
- :is
- $3
- $UP
- 23
- 28
- 50
- 60
- 66
- 7
- 75
- 80
- a
- above
- against
- also
- an
- analysis
- and
- any
- At
- attempting
- average
- bearish
- below
- besides
- Bitcoin
- Bitcoin News
- Bonus
- Break
- Bullish
- Bulls
- Chart
- clear
- coinbase
- COM
- comments
- continue
- could
- data
- Dollar
- downside
- downward
- end
- EOS
- EOS price Analysis
- EOS/USD
- few
- First
- follow
- For
- formed
- from
- gaining
- Gains
- get
- High
- HOURS
- HTTPS
- if
- immediate
- in
- index
- internal
- Key
- Level
- levels
- Line
- live
- Live Bitcoin News
- logo
- Low
- MACD
- major
- might
- more
- move
- moves
- moving
- moving average
- Near
- news
- next
- now
- of
- on
- or
- overall
- Pace
- pair
- past
- plato
- Plato Data Intelligence
- PlatoData
- Post
- price
- Price Analysis
- range
- Recover
- recovery
- Referral
- relative
- relative strength index
- remained
- Resistance
- retracement
- Rise
- rsi
- send
- sessions
- Sight
- sign
- Simple
- stable
- strength
- Struggling
- support
- support levels
- Swing
- TAG
- term
- test
- The
- There.
- to
- toward
- Trading
- TradingView
- Trend
- unlike
- Upside
- us
- US Dollar
- was
- which
- with
- Your
- zephyrnet