- The price of EOS commenced a new decline below the $0.80 level versus the US Dollar.
- The price is currently trading below $0.750 and the 55-day simple moving average.
- On the 4-hour chart of the EOS/USD pair (data provided by Coinbase), a short-term bearish trend line is forming with resistance near $0.675.
- If the pair continues to trade below the $0.675 and $0.750 resistance levels, further losses are possible.
Unlike Bitcoin, the EOS price is struggling below $0.80 against the US dollar. The price may attempt to recover if it moves decisively above $0.675.
Price Analysis of EOS
In recent days, the EOS price against the U.S. dollar experienced a significant decline from the $0.900 resistance level. The price moved into an adverse region by trading below the $0.85 and $0.80 levels.
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The price of EOS commenced a new decline below the $0.80 level versus the US Dollar.
The price is currently trading below $0.750 and the 55-day simple moving average.
On the 4-hour chart of the EOS/USD pair (data provided by Coinbase), a short-term bearish trend line is forming with resistance near $0.675.
If the pair continues to trade below the $0.675 and $0.750 resistance levels, further losses are possible.
Unlike Bitcoin, the EOS price is struggling below $0.80 against the US dollar. The price may attempt to recover if it moves decisively above $0.675.
Price Analysis of EOS
In recent days, the EOS price against the U.S. dollar experienced a significant decline from the $0.900 resistance level. The price moved into an adverse region by trading below the $0.85 and $0.80 levels.
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The next important support level is near $0.600. In the immediate future, the price may test the $0.550 support if it breaks below the $0.600 level.
According to the price chart, EOS is currently trading below $0.80 and the 55 simple moving average (4 hours). Overall, if the price remains below the $0.675 and $0.750 resistance levels, it may continue to decline.
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Technical indicators
4 hour MACD – The EOS/USD MACD is acquiring momentum in the bearish zone.
RSI (Relative Strength Index) for 4 hours – The RSI is currently below 50.
Significant Support Levels are $0.620 and $0.600.
Significant Resistance Levels are at $0.675 and $0.750.
