{"id":136834,"date":"2021-08-26T08:59:05","date_gmt":"2021-08-26T08:59:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=136834"},"modified":"2021-08-26T08:59:05","modified_gmt":"2021-08-26T08:59:05","slug":"eos-price-analysis-signs-of-a-key-breakdown-below-5-30","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-signs-of-a-key-breakdown-below-5-30\/","title":{"rendered":"EOS Price Analysis: Signs of a Key Breakdown Below $5.30"},"content":{"rendered":"
EOS price is gaining pace below $5.30 against the US Dollar, similar to bitcoin. The price could continue to move down if it breaks the $4.80 support zone.<\/em><\/p>\n This past week, EOS price saw a decent increase above the $5.00 resistance zone against the US Dollar. The price broke the $5.60 resistance level and the 55 simple moving average (4-hours).<\/p>\n The price even spiked above the $5.80 level, but it faced a major resistance near the $5.90 zone. A high was formed near $5.92 and the price recently corrected lower. There was a break below the $5.30 and $5.20 support levels.<\/p>\n There was also a break below a crucial bullish trend line with support near $5.20 on the 4-hours chart of the EOS\/USD pair. The price even spiked below the $5.00 level and traded as low as $4.87.<\/p>\n It is now correcting losses and trading above the $5.00 level. There was a break above the 23.6% Fib retracement level of the key drop from the $5.92 high to $4.87 low. It is now trading just below the $5.30 support and the 55 simple moving average (4-hours).<\/p>\n The first key resistance is near the $5.30 and the 55 simple moving average (4-hours). It is near the 50% Fib retracement level of the key drop from the $5.92 high to $4.87 low.<\/p>\n To start a fresh increase, the price must settle above the $5.30 level. On the downside, the first major support is near the $4.90 and $4.80 levels. If there is a downside break below the $4.80 support, there could be a move towards the $4.20 support.<\/p>\n <\/p>\n EOS Price<\/p>\n Looking at the chart, EOS price is now trading just below $5.30 and the 55 simple moving average (4-hours). Overall, the price is likely to continue lower unless it recovers above the $5.30 resistance zone.<\/p>\n 4-hours MACD \u2013 The MACD for EOS\/USD is slowly gaining pace in the bearish zone.<\/p>\n 4-hours RSI (Relative Strength Index) \u2013 The RSI is now below the 50 level.<\/p>\n Major Support Levels \u2013 $4.90 and $4.80.<\/p>\n Major Resistance Levels \u2013 $5.30 and $5.50.<\/p>\nEOS Price Analysis<\/h2>\n
Technical indicators<\/h2>\n