LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
EOS Price
Altcoin News

EOS Price Analysis: Bulls Face Uphill Task Above $2

by Aayush Jindal
March 10, 2022
in Altcoin News, News, Trading
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up
  • EOS price started a fresh increase from the $1.88 zone against the US Dollar.
  • The price is now trading below $2.10 and the 55 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $1.975 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could resume decline if it stays below the $2.10 resistance zone.

EOS price is showing bearish signs below $2.10 against the US Dollar, unlike bitcoin. The price could continue to decline if there is a clear move below $2.00 and $1.95.

EOS Price Analysis

This week, EOS price started a decent recovery wave from the $1.870 swing low against the US Dollar. The price was able to clear the $1.92 and $1.95 resistance levels.

There was a break above a major bearish trend line with resistance near $1.975 on the 4-hours chart of the EOS/USD pair. The pair climbed above the 23.6% Fib retracement level of the key decline from the $2.31 swing high to $1.870 low.

However, the price faced a strong resistance near the $2.10 level and the 55 simple moving average (4-hours). The price also failed near the 50% Fib retracement level of the key decline from the $2.31 swing high to $1.870 low.

It is now moving lower and trading below $2.05. On the downside, the first major support is near the $2.00 level. The next support is now forming near the $1.95 zone. If there is a downside break below $1.95, the price might drop to $1.870. Any more losses might call for a move towards the $1.70 level in the near term.

Conversely, the price could start a fresh increase above $2.05. The next major resistance is near the $2.10 level and the 55 simple moving average (4-hours).

A clear move above the $2.10 resistance could start a major increase. The next major resistance is near $2.28, above which the price could rise to $2.35. Any more gains might send the price towards the $2.50 level or even $2.80.

EOS Price
EOS Price

Looking at the chart, EOS price is now trading below the $2.10 level and the 55 simple moving average (4-hours). Overall, the price could resume decline if it stays below the $2.10 resistance zone.

Technical indicators

4-hours MACD – The MACD for EOS/USD is gaining pace in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is now below the 50 level.

Major Support Levels – $2.00 and $1.95.

Major Resistance Levels – $2.10 and $2.28.

Related Posts

Cardano (ADA) Price
Altcoin News

Cardano (ADA) Price Analysis: Bulls Aim More Upsides Above $0.27

ADA price is correcting gains from the $0.270 zone against the US Dollar. The price is now trading above...

by Aayush Jindal
October 3, 2023
Ethereum Price
Altcoin News

Ethereum Price Analysis: ETH Revisits Key Uptrend Support

Ethereum price started a downside correction from the $1,750 resistance against the US Dollar. ETH price is now trading...

by Aayush Jindal
October 3, 2023
Stellar Lumen Price
Altcoin News

Stellar Lumen (XLM) Price Could Recover and Revisit $0.15

Stellar lumen price is attempting a fresh increase from the $0.1108 zone against the US Dollar. XLM price is...

by Aayush Jindal
October 2, 2023
Ripple Price
Altcoin News

Ripple Price Analysis: Rally Could Gather Pace Above $0.535

Ripple price is gaining pace above the $0.512 support against the US dollar. The price is now trading above...

by Aayush Jindal
October 2, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Tether Uplifts Crypto World with 750M USDT Swap from Tron to Ethereum

  • 1xBit Rockets into the Future: Welcoming Algorand and Arbitrum as Novel Deposit Methods!

  • Ibiza NXT 2023 – Heading toward a purpose-driven Web3 innovation journey

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version