{"id":128345,"date":"2021-06-10T10:10:00","date_gmt":"2021-06-10T10:10:00","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128345"},"modified":"2021-06-10T10:10:00","modified_gmt":"2021-06-10T10:10:00","slug":"eos-price-analysis-risk-of-more-losses-below-4-5","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-risk-of-more-losses-below-4-5\/","title":{"rendered":"EOS Price Analysis: Risk of More Losses Below $4.5"},"content":{"rendered":"

EOS price is struggling to recover above $6.00 against the US Dollar, unlike bitcoin. The price must clear $6.00 to move into a positive zone.<\/em><\/p>\n

EOS Price Analysis<\/h2>\n

After a failed attempt to clear the $8.0 resistance, EOS price started a fresh decline against the US Dollar. The price traded below many supports near $6.00 to move into a bearish zone.<\/p>\n

There was also a break below the $5.50 support level and the 55 simple moving average (4-hours). The price traded as low as $4.53 and it is currently correcting higher. There was a break above the $4.80 and $5.00 resistance levels.<\/p>\n

The price is now testing the 23.6% Fib retracement level of the recent decline from the $7.70 high to $4.53 low. However, it is facing a lot of hurdles near the $5.50 and $6.00 levels.<\/p>\n

There is also a key declining channel forming with resistance near $5.50 on the 4-hours chart of the EOS\/USD pair. The next major resistance is near the $6.00 level and the 55 simple moving average (4-hours). The 50% Fib retracement level of the recent decline from the $7.70 high to $4.53 low is also near the $5.10 level.<\/p>\n

A clear break above the $5.50 and $6.00 resistance levels could open the doors for a steady increase. If there is an upside break above the $6.00 zone, the price could start a fresh surge towards the $8.00 level.<\/p>\n

On the downside, an initial support is near the $5.00 level. The next major support is near the $4.50 level. Any more losses might call for a test of the $3.70 support zone.<\/p>\n

<\/p>\n

EOS Price<\/p>\n

Looking at the chart, EOS price is currently trading well below $6.00 and the 55 simple moving average (4-hours). Overall, the price must break $5.50 and $6.00 to start a strong increase in the near term.<\/p>\n

Technical indicators<\/h2>\n

4-hours MACD \u2013 The MACD for EOS\/USD is still in the bearish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI is struggling to move above the 50 level.<\/p>\n

Major Support Levels \u2013 $5.00 and $4.50.<\/p>\n

Major Resistance Levels \u2013 $5.50 and $6.00.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

EOS price is struggling to recover above<\/p>\n","protected":false},"author":3,"featured_media":128344,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nEOS Price Analysis: Risk of More Losses Below $4.5 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-risk-of-more-losses-below-4-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EOS Price Analysis: Risk of More Losses Below $4.5 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"EOS price is struggling to recover above\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-risk-of-more-losses-below-4-5\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-10T10:10:00+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/EOS-Price-Analysis-Risk-of-More-Losses-Below-4.5-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-risk-of-more-losses-below-4-5\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-risk-of-more-losses-below-4-5\/\",\"name\":\"EOS Price Analysis: Risk of More Losses Below $4.5 - 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