{"id":143713,"date":"2021-11-04T10:08:17","date_gmt":"2021-11-04T10:08:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143713"},"modified":"2021-11-04T10:08:17","modified_gmt":"2021-11-04T10:08:17","slug":"eos-price-analysis-bulls-aim-upside-break-above-5","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-bulls-aim-upside-break-above-5\/","title":{"rendered":"EOS Price Analysis: Bulls Aim Upside Break above $5"},"content":{"rendered":"
EOS price is showing positive signs above $4.50 against the US Dollar, similar to bitcoin. The price eyes a key upside break above the $5.00 zone in the near term.<\/em><\/p>\n This week, EOS price started a fresh increase above the $4.20 level against the US Dollar. The price gained pace for a move above the $4.50 and $4.60 resistance levels.<\/p>\n There was also a close above the $4.50 support and the 55 simple moving average (4-hours). The price even spiked above $4.80 and a high was formed near $4.87. It is now consolidating gains above the $4.60 level. There was a minor decline below $4.70.<\/p>\n The price corrected below the 23.6% Fib retracement level of the upward move from the $3.86 swing low to $4.87 high. It is now holding gains above $4.60.<\/p>\n There is also a key bullish trend line forming with support near $4.60 on the 4-hours chart of the EOS\/USD pair. The next major support is near the $4.40 level. It is near the 50% Fib retracement level of the upward move from the $3.86 swing low to $4.87 high.<\/p>\n If there is a downside break below the $4.40 support, there could be a move towards the $4.20 support. An immediate resistance is near the $4.80 level. The first key resistance is near the $4.85 level.<\/p>\n A close above the $4.85 level could open the doors for a steady increase. In the stated case, the price could rise towards the $5.00 level. The next key resistance is near the $5.25 level.<\/p>\n <\/p>\n EOS Price<\/p>\n Looking at the chart, EOS price is now trading above $4.50 and the 55 simple moving average (4-hours). Overall, the price could accelerate higher if there is a clear break above $4.90 and $5.00.<\/p>\n 4-hours MACD \u2013 The MACD for EOS\/USD is slowly losing pace in the bullish zone.<\/p>\n 4-hours RSI (Relative Strength Index) \u2013 The RSI is now above the 50 level.<\/p>\n Major Support Levels \u2013 $4.60 and $4.50.<\/p>\n Major Resistance Levels \u2013 $4.85 and $5.00.<\/p>\nEOS Price Analysis<\/h2>\n
Technical indicators<\/h2>\n