EOS Price Analysis: Gaining Bullish Momentum Above $3.20


  • EOS started a strong surge from well below the $2.800 zone against the US Dollar.
  • The price is currently trading well above $3.200 and the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support at $2.950 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could correct a few points, but dips are likely to be limited below $3.200 and $3.000.

EOS price started a fresh rally above $3.000 and $3.200 against the US Dollar, similar to bitcoin. The price could continue to rise towards $4.000 as long as it is above $3.000.

EOS Price Analysis

After forming a support base above $2.500 and $2.600, EOS price started a fresh increase against the US Dollar. There was a sharp upward move above the $2.800 and $3.000 resistance levels.

The price even cleared the $3.200 resistance and settled above the 55 simple moving average (4-hours). A high is formed near $3.472 and the price is currently consolidating gains. An initial support on the downside is near the $3.250 and $3.200 levels.

The 23.6% Fib retracement level of the recent increase from the $2.602 swing low to $3.472 high is also near the $3.250 level. Any more losses might call for an extended correction towards the $3.000 level.

There is also a key bullish trend line forming with support at $2.950 on the 4-hours chart of the EOS/USD pair. The trend line is close to the 50% Fib retracement level of the recent increase from the $2.602 swing low to $3.472 high.

Any more downsides could lead the price towards the $2.800 support zone. Conversely, the price could start another upward move. An initial resistance on the upside is near the $3.450 level.

The first key resistance could be $3.500 level, above which there are high chances of a steady rise towards the $4.000 level. An intermediate resistance could be near the $3.85 level.

EOS Price

EOS Price

Looking at the chart, EOS price is clearly trading in a positive zone above the $3.000 level and the 55 simple moving average (4-hours). Overall, the price could correct a few points, but dips are likely to be limited below $3.200 and $3.000.

Technical indicators

4-hours MACD โ€“ The MACD for EOS/USD is slowly losing momentum in the bullish zone.

4-hours RSI (Relative Strength Index) โ€“ The RSI is currently correcting lower from the 70 level.

Major Support Levels โ€“ $3.200 and $3.000.

Major Resistance Levels โ€“ $3.500 and $3.850.

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