{"id":175626,"date":"2023-05-18T05:30:58","date_gmt":"2023-05-18T05:30:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=175626"},"modified":"2023-05-18T05:30:58","modified_gmt":"2023-05-18T05:30:58","slug":"eos-price-analysis-signs-of-recovery-toward-1-0","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/eos-price-analysis-signs-of-recovery-toward-1-0\/","title":{"rendered":"EOS Price Analysis: Signs of Recovery Toward $1.0"},"content":{"rendered":"<p>Earn Your First Bitcoin  Sign up and get $12 Bonus  Referral bonus up to $3,000<\/p>\n<ul>\n<li>EOS price is trading in a bearish zone below the $0.95 support against the US Dollar.<\/li>\n<li>The price is now trading above $0.88 and the 55 simple moving average (4 hours).<\/li>\n<li>There was a break above a major bearish trend line with resistance near $0.87 on the 4-hour chart of the EOS\/USD pair (data feed from Coinbase).<\/li>\n<li>The pair could start a recovery wave if it clears the $0.935 and $0.962 resistance levels.<\/li>\n<\/ul>\n<p><em>EOS price is struggling below $1.00 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $0.935.<\/em><\/p>\n<h2>EOS Price Analysis<\/h2>\n<p>In the past few days, EOS price range moves below the $0.95 resistance against the US Dollar. The price remained stable above the $0.835 and $0.84 support levels.<\/p>\n<p>A low is formed near $0.8362 and the price is now attempting an upside correction. There was a move above the $0.865 and $0.88 resistance levels. Besides, there was a break above a major bearish trend line with resistance near $0.87 on the 4-hour chart of the EOS\/USD pair.<\/p>\n<p>The price is now trading above $0.88 and the 55 simple moving average (4 hours). On the upside, immediate resistance is near the $0.935 level or the 50% Fib retracement level of the downward move from the $1.034 swing high to the $0.8362 low.<\/p>\n<p>The next major resistance is near the $0.962 level or the 61.8% Fib retracement level of the downward move from the $1.034 swing high to the $0.8362 low, above which the price might test the $0.98 level. Any more gains might send the price toward the $1.00 level.<\/p>\n<p>On the downside, immediate support is near the $0.88 level or the 55 simple moving average (4 hours). The next key support is near the $0.85 level. If there is a downside break below the $0.850 support, the price could test the $0.82 support in the near term.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.livebitcoinnews.com\/https:\/\/s3.amazonaws.com\/lbn-s3\/2023\/05\/EOS-2.png\"><\/p>\n<p>EOS Price<\/p>\n<p>Looking at the chart, EOS price is now trading above the $0.88 level and the 55 simple moving average (4 hours). Overall, the price could start a recovery wave if it clears the $0.935 and $0.962 resistance levels.<\/p>\n<h2>Technical indicators<\/h2>\n<p>4-hours MACD \u2013 The MACD for EOS\/USD is losing pace in the bearish zone.<\/p>\n<p>4-hours RSI (Relative Strength Index) \u2013 The RSI is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.88 and $0.85.<\/p>\n<p>Major Resistance Levels \u2013 $0.935 and $0.962.<\/p>\n<p>Source: <a href=\"https:\/\/www.livebitcoinnews.com\/eos-price-analysis-signs-of-recovery-toward-1-0\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earn Your First Bitcoin Sign up and<\/p>\n","protected":false},"author":3,"featured_media":175625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EOS Price Analysis: Signs of Recovery Toward $1.0 - 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