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: Risk of Sharp Decline Below $3

by Aayush Jindal
December 30, 2021
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 decline from the $3.50 zone against the US Dollar.
  • The price is now trading below $3.20 and the 55 simple moving average (4-hours).
  • There was a break below a major bullish trend line with support near $3.15 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could extend losses if there is a proper close below the $3.00 support.

EOS price is showing bearish signs below $3.20 against the US Dollar, similar to bitcoin. The price could recover if there is a clear break above $3.10.

EOS Price Analysis

This past week, EOS price remained in a bearish zone below the $3.35 resistance zone against the US Dollar. The price traded below the $3.20 level and the 55 simple moving average (4-hours).

Besides, there was a break below a major bullish trend line with support near $3.15 on the 4-hours chart of the EOS/USD pair. The pair is now trading below $3.20 and the 55 simple moving average (4-hours). The price even spiked below the $3.00 level.

A low is formed near $2.97 and the price is now consolidating losses. An initial resistance on the upside is near the $3.10 level. It is near the 23.6% Fib retracement level of the downward move from the $3.50 swing high to $2.970 low.

The next key resistance is near the $3.24 level. It coincides with the 50% Fib retracement level of the downward move from the $3.50 swing high to $2.970 low. A clear move above the $3.24 level is needed to gain bullish momentum in the near term.

On the downside, the first major support is near the $3.00 level. The main support is now forming near the $2.98 zone, below which there is a risk of a sharp move towards the $2.65 support. Any more losses might call for a move towards the $2.50 level in the near term.

EOS Price
EOS Price

Looking at the chart, EOS price is now trading below $3.20 and the 55 simple moving average (4-hours). Overall, the price could extend losses if there is a proper close below the $3.00 support.

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 – $3.00 and $2.98.

Major Resistance Levels – $3.10 and $3.24.

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