{"id":162335,"date":"2022-08-18T07:37:38","date_gmt":"2022-08-18T07:37:38","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162335"},"modified":"2022-08-18T07:37:38","modified_gmt":"2022-08-18T07:37:38","slug":"eos-price-analysis-bulls-in-action-above-1-40","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-bulls-in-action-above-1-40\/","title":{"rendered":"EOS Price Analysis: Bulls In Action Above $1.40"},"content":{"rendered":"
EOS price is rising above $1.40 against the US Dollar, similar to bitcoin. The price could resume its increase if it clears the $1.50 and $1.55 resistance levels.<\/em><\/p>\n This week, EOS price started a fresh increase from the $1.25 zone against the US Dollar. The price gained pace and was able to clear the $1.30 resistance zone.<\/p>\n The price broke the $1.35 resistance zone and the 55 simple moving average (4-hours). Besides, there was a break above a key contracting triangle with resistance near $1.30 on the 4-hours chart of the EOS\/USD pair. \u00a0The bulls even pushed the price above the $1.50 level.<\/p>\n However, the bears appeared near the $1.67 level. A high was formed near $1.67 and the price started a downside correction. There was a move below the $1.55 and $1.50 levels.<\/p>\n The price declined below the 50% Fib retracement level of the upward move from the $1.240 swing low to $1.670 high. EOS is now trading above $1.40 and the 55 simple moving average (4-hours). On the upside, an immediate resistance is near the $1.45 level.<\/p>\n The first major resistance is near the $1.50 level, above which the price could rise steadily. In the stated case, it could rise towards the $1.60 level. Any more gains might send the price towards the $1.65 level.<\/p>\n On the downside, an immediate support is near the $1.42. The next key support is near the $1.40 level. It is near the 61.8% Fib retracement level of the upward move from the $1.240 swing low to $1.670 high. If there is a downside break below the $1.40 support, the price could revisit the $1.35 support.<\/p>\n <\/p>\n EOS Price<\/p>\n Looking at the chart, EOS price is now trading above the $1.40 level and the 55 simple moving average (4-hours). Overall, the price could continue to move up if it stays above the $1.40 and $1.34 support levels.<\/p>\n 4-hours MACD \u2013 The MACD for EOS\/USD is gaining pace in the bearish zone.<\/p>\n 4-hours RSI (Relative Strength Index) \u2013 The RSI is now above the 50 level.<\/p>\n Major Support Levels \u2013 $1.40 and $1.35.<\/p>\n Major Resistance Levels \u2013 $1.50 and $1.55.<\/p>\nEOS Price Analysis<\/h2>\n
Technical indicators<\/h2>\n