EOS Price Analysis: Turns Attractive Above $5. EOS price is showing positive signs above $4.
14 Aug 2021, 08:00
EOS Price Analysis: Turns Attractive Above $5
EOS price is showing positive signs above $4.60 against the US Dollar, similar to bitcoin. The price must clear $5.25 for more gains.
EOS Price AnalysisThis week, EOS price saw a decent increase above the $4.20 resistance zone against the US Dollar. The price broke the $4.50 resistance level and the 55 simple moving average (4-hours) to move into a positive zone.
The price even spiked above the $5.00 level, but there was no upside continuation. A high is formed near $5.08 and the price is now consolidating gains. An initial support on the downside is near the $4.92 level. It is near the 23.6% Fib retracement level of the recent increase from the $4.41 swing low to $5.08 high.