EOS Price Analysis: Positive Signs Emerge Above $2.7
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EOS Price Analysis: Positive Signs Emerge Above $2.7


  • EOS is currently consolidating losses in a range above the $2.665 support against the US Dollar.
  • The price is facing many hurdles near $2.850, $3.000, and the 55 simple moving average (4-hours).
  • There was a break above a crucial bearish trend line with resistance near $2.750 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could nosedive if it continues to struggle near the $3.000 resistance zone.

EOS price is showing a few recovery signs against the US Dollar, similar to bitcoin. The price must surpass the $2.850 and $3.000 resistance levels to start a decent upward move.

EOS Price Analysis

EOS price declined sharply below the $3.200 and $3.000 support levels against the US Dollar. There was a break below the $2.850 support level and a close below the 55 simple moving average (4-hours).

The price tested the $2.500 support and it recently started an upside correction. It is now consolidating losses in a range above the $2.665 support. There was a break above 23.6% Fib retracement level of the downward move from the $3.558 high to $2.501 low.

Moreover, there was a break above a crucial bearish trend line with resistance near $2.750 on the 4-hours chart of the EOS/USD pair. The pair is now facing many hurdles near $2.850, $3.000, and the 55 simple moving average (4-hours).

The first resistance is near the $2.850 level, above which the price might test the 55 simple moving average (4-hours). The next major resistance is near the $3.000 level. It is close to the 50% Fib retracement level of the downward move from the $3.558 high to $2.501 low.

A successful close above the $3.000 resistance zone must clear the path for more upsides in the near term. In the stated case, the price is likely to accelerate higher towards the $3.150 and $3.250 levels.

Conversely, the price might continue to move down below the $2.650 support. The next key support is near the $2.500 level, below which the price may perhaps start a strong decline towards the $2.400 and $2.250 levels.

EOS Price

Looking at the chart, EOS price is clearly consolidating losses in a range above the $2.665 support. Overall, the price must clear $2.850, $3.000, and the 55 simple moving average (4-hours) for a fresh increase.

Technical indicators

4-hours MACD ? The MACD for EOS/USD is struggling to gain pace in the bullish zone.

4-hours RSI (Relative Strength Index) ? The RSI is moving towards the 50 level.

Major Support Levels ? $2.650 and $2.500.

Major Resistance Levels ? $2.850 and $3.000.

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Born in Bucharest, Marius is the founder of Crypto Adventure and Co-founder of Crypto Press. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.