{"id":148118,"date":"2021-12-23T11:47:02","date_gmt":"2021-12-23T11:47:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148118"},"modified":"2021-12-23T11:47:02","modified_gmt":"2021-12-23T11:47:02","slug":"eos-price-analysis-bulls-aim-larger-increase-above-3-50","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-bulls-aim-larger-increase-above-3-50\/","title":{"rendered":"EOS Price Analysis: Bulls Aim Larger Increase Above $3.50"},"content":{"rendered":"
EOS price is showing positive signs above $3.20 against the US Dollar, similar to bitcoin. The price could rally if there is a clear break above $3.45.<\/em><\/p>\n This past week, EOS price remained in a bearish zone below the $3.50 resistance zone against the US Dollar. The price traded below the $3.30 level and the 55 simple moving average (4-hours).<\/p>\n However, the bulls remained active near the $3.00 level. The last major swing low was near $2.98 and the price is now recovering higher. There was a clear move above the $3.20 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $3.892 swing high to $2.980 low.<\/p>\n Besides, there was a break above a major bearish trend line with resistance near $3.25 on the 4-hours chart of the EOS\/USD pair. The pair is now trading just above $3.30 and the 55 simple moving average (4-hours).<\/p>\n An immediate resistance is near the $3.45 level. The 50% Fib retracement level of the downward move from the $3.892 swing high to $2.980 low is also near $3.45. A close above the $3.45 level could open the doors for a steady increase.<\/p>\n In the stated case, the price could even surge above the $3.50 level. The next key resistance is near the $3.80 level. On the downside, the first major support is near the $3.30 level. The main support is now forming near the $3.05 zone, below which there is a risk of a sharp move towards the $2.50 support.<\/p>\n <\/p>\n EOS Price<\/p>\n Looking at the chart, EOS price is now trading above $3.30 and the 55 simple moving average (4-hours). Overall, the price could start a major increase if the bulls gain strength above the $3.45 and $3.50 levels.<\/p>\n 4-hours MACD \u2013 The MACD for EOS\/USD is slowly gaining 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 $3.30 and $3.00.<\/p>\n Major Resistance Levels \u2013 $3.50 and $4.00.<\/p>\nEOS Price Analysis<\/h2>\n
Technical indicators<\/h2>\n