- EOS price is eyeing a fresh increase from the $0.740 support against the US Dollar.
- The price is now trading above $0.780 and the 55 simple moving average (4 hours).
- There is a key bearish trend line forming with resistance near $0.800 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase).
- The pair could continue to rise if it clears the $0.800 and $0.820 resistance levels.
EOS price is recovering above $0.740 against the US Dollar, like Bitcoin. The price might continue to rise if it clears the $0.820 resistance.
EOS Price Analysis
In the past few sessions, EOS price started a decent increase from the $0.7400 support against the US Dollar. The price was able to clear the $0.765 and $0.780 resistance levels.
The pair even climbed above the 23.6% Fib retracement level of the downward move from the $0.8800 swing high to the $0.7235 low. The price is now consolidating above $0.780 and the 55 simple moving average (4 hours). On the upside, immediate resistance is near the $0.800 level.
There is also a key bearish trend line forming with resistance near $0.800 on the 4-hour chart of the EOS/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.8800 swing high to the $0.7235 low.
The next major resistance is near the $0.820 level, above which the price might test the $0.880 level. Any more gains might send the price toward the $0.900 level. The next major hurdle sits at $0.920.
On the downside, immediate support is near the $0.760 level. The next key support is near the $0.724 level. If there is a downside break below the $0.724 support, the price could test the $0.665 support in the near term.
Looking at the chart, EOS price is now trading above the $0.780 level and the 55 simple moving average (4 hours). Overall, the price could continue to rise toward the $0.800 and $0.820 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 – $0.760 and $0.724.
Major Resistance Levels – $0.800 and $0.820.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.livebitcoinnews.com/eos-price-analysis-next-breakout-could-send-eos-to-0-90/
- :is
- 23
- 50
- 820
- 90
- 900
- a
- Able
- above
- against
- also
- analysis
- and
- any
- At
- average
- bearish
- below
- Bitcoin
- Bitcoin News
- Break
- breakout
- Bullish
- Chart
- clear
- Climbed
- Close
- coinbase
- consolidating
- continue
- could
- data
- Dollar
- downside
- downward
- EOS
- EOS price Analysis
- EOS/USD
- Even
- few
- For
- fresh
- fresh increase
- from
- gaining
- Gains
- High
- HOURS
- HTTPS
- hurdle
- if
- immediate
- in
- Increase
- index
- IT
- Key
- Level
- levels
- like
- Line
- live
- Live Bitcoin News
- Low
- MACD
- major
- max-width
- might
- more
- move
- moving
- moving average
- Near
- news
- next
- now
- of
- on
- overall
- Pace
- pair
- past
- plato
- Plato Data Intelligence
- PlatoData
- price
- Price Analysis
- recovering
- relative
- relative strength index
- Resistance
- retracement
- Rise
- rsi
- send
- sessions
- Simple
- sits
- started
- strength
- support
- support levels
- Swing
- term
- test
- The
- There.
- to
- toward
- Trading
- TradingView
- Trend
- Upside
- us
- US Dollar
- was
- which
- with
- zephyrnet