{"id":145778,"date":"2021-11-25T10:07:38","date_gmt":"2021-11-25T10:07:38","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145778"},"modified":"2021-11-25T10:07:38","modified_gmt":"2021-11-25T10:07:38","slug":"eos-price-analysis-risk-of-breakdown-below-4","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-risk-of-breakdown-below-4\/","title":{"rendered":"EOS Price Analysis: Risk of Breakdown Below $4"},"content":{"rendered":"
EOS price is showing bearish signs below $4.30 against the US Dollar, similar to bitcoin. The price could decline further if there is a clear break below $4.00.<\/em><\/p>\n This past week, EOS price remained in a bearish zone below the $4.50 resistance zone against the US Dollar. The price even traded below the $4.30 level and the 55 simple moving average (4-hours).<\/p>\n There was also a push below the $4.20 support. The price even spiked below $4.00 and traded as low as $3.94. It is now consolidating losses above the $4.00 level. An immediate resistance is near the $4.20 level. It is close to the 23.6% Fib retracement level of the downward move from the $5.09 swing high to $3.94 low.<\/p>\n The first key resistance is near the $4.25 level and the 55 simple moving average (4-hours). There is also a major bearish trend line forming with resistance near $4.30 on the 4-hours chart of the EOS\/USD pair.<\/p>\n A close above the $4.25 level could open the doors for a steady increase. In the stated case, the price could rise towards the $4.40 level. The next key resistance is near the $4.50 level. It is close to the 50% Fib retracement level of the downward move from the $5.09 swing high to $3.94 low.<\/p>\n On the downside, the first major support is near the $4.05 level. The main support is now forming near the $4.00 zone. If there is a downside break below the $4.00 support, there could be a move towards the $3.60 support.<\/p>\n <\/p>\n EOS Price<\/p>\n Looking at the chart, EOS price is now trading below $4.40 and the 55 simple moving average (4-hours). Overall, the price could start a major increase if there is a clear break above the $4.30 resistance.<\/p>\n 4-hours MACD \u2013 The MACD for EOS\/USD is slowly losing pace in the bearish zone.<\/p>\n 4-hours RSI (Relative Strength Index) \u2013 The RSI is now near the 50 level.<\/p>\n Major Support Levels \u2013 $4.05 and $4.00.<\/p>\n Major Resistance Levels \u2013 $4.25 and $4.40.<\/p>\nEOS Price Analysis<\/h2>\n
Technical indicators<\/h2>\n