EOS Price Analysis: Risk of More Losses Below $1. EOS price is struggling below $1.
21 Oct 2022, 08:00
EOS Price Analysis: Risk of More Losses Below $1
EOS price is struggling below $1.10 against the US Dollar, similar to bitcoin. The price remains at a risk of a sharp decline below the $1.00 support.
EOS Price AnalysisThis past week, EOS price started a fresh decline below the $1.10 zone against the US Dollar. The price traded below the $1.05 and $1.00 levels to enter a bearish zone.
The pair accelerated lower below the $1.00 support zone and settled well below the 55 simple moving average (4-hours). The recent low was formed near $0.9411 before the price started an upside correction. There was a move above the $1.00 resistance zone.