{"id":434928,"date":"2020-08-16T06:18:39","date_gmt":"2020-08-16T06:18:39","guid":{"rendered":"https:\/\/wncen.com\/?p=434928"},"modified":"2024-06-11T14:14:54","modified_gmt":"2024-06-11T14:14:54","slug":"eos-price-surges-10-could-rally-above-4","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/eos-price-surges-10-could-rally-above-4\/","title":{"rendered":"EOS Price Surges 10% and Technicals Suggests Rally Above $4"},"content":{"rendered":"
EOS price started a strong increase after it broke the $3.300 resistance zone against the US Dollar. A new monthly high is formed near $3.871 and it seems like there are chances of more upsides.<\/em><\/p>\n This past week, EOS price formed a strong support near the $2.850 and $3.000 levels. It started a fresh increase above the $3.200 resistance level and moved into a positive zone (similar to bitcoin<\/a><\/strong>, ETH<\/strong><\/a>, and TRX<\/strong><\/a>).<\/p>\n There was also a break above a key bearish trend line with resistance near $3.200 on the 4-hours chart of the EOS\/USD pair. The pair gained pace above the $3.500 pivot level and the 100 simple moving average (4-hours).<\/p>\n It opened the doors for more gains and the price traded to a new monthly high near $3.871. It is currently consolidating gains near the $3.800 level. An initial support is near the $3.650 level. It is close to the 23.6% Fib retracement level of the recent rally from the $2.877 low to $3.871 high.<\/p>\n <\/a><\/p>\n The first major support on the downside is near the $3.500 level (the recent breakout zone). The next support is near the $3.350 level or the 50% Fib retracement level of the recent rally from the $2.877 low to $3.871 high.<\/p>\n On the upside, there is a short-term resistance near the $3.850 level. A successful close above the $3.850 level might open the doors for a push towards $4.000 or even $4.200 in the near term.<\/p>\n If EOS starts a downside correction, it might find bids near the $3.500 level. The main support is now near the $3.350 and $3.300 levels.<\/p>\n If there is a downside break below the $3.300 support, the price could extend its decline towards the $3.000 support zone.<\/p>\n Technical indicators:<\/p>\n 4-hours MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n 4-hours RSI (Relative Strength Index) \u2013 The RSI for EOS\/USD is now in the overbought zone.<\/p>\n Major Support Levels \u2013 $3.500, followed by $3.350.<\/p>\n Major Resistance Levels \u2013 $3.850, $3.900 and $4.000.<\/p>\n","protected":false},"excerpt":{"rendered":" EOS price started a strong increase after it broke the $3.300 resistance zone against the US Dollar. A new monthly high is formed near $3.871 and it seems like there are chances of more upsides. EOS formed a strong support base above $3.000 and rallied over 10% in the past few hours. The price settled nicely above the $3.500 pivot level and the 100 SMA (H4). There was a break above a key bearish trend line with resistance near $3.200 on the 4-hours chart of the EOS\/USD pair (data feed from Kraken). The pair could continue to rise above the $3.900 and $4.000 resistance levels in the near term. EOS Price is Gaining Momentum This past week, EOS price formed a strong support near the $2.850 and $3.000 levels. It started a fresh increase above the $3.200 resistance level and moved into a positive zone (similar to bitcoin, ETH, and TRX). There was also a break above a key bearish trend line with resistance near $3.200 on the 4-hours chart of the EOS\/USD pair. The pair gained pace above the $3.500 pivot level and the 100 simple moving average (4-hours). It opened the doors for more gains and the price traded to a new monthly high near $3.871. It is currently consolidating gains near the $3.800 level. An initial support is near the $3.650 level. It is close to the 23.6% Fib retracement level of the recent rally from the $2.877 low to $3.871 high. EOS price trades above $3.600. Source: TradingView.com The first major support on the downside is near the $3.500 level (the recent breakout zone). The next support is near the $3.350 level or the 50% Fib retracement level of the recent rally from the $2.877 low to $3.871 high. On the upside, there is a short-term resistance near the $3.850 level. A successful close above the $3.850 level might open the doors for a push towards $4.000 or even $4.200 in the near term. Dips Likely to be Limited If EOS starts a downside correction, it might find bids near the $3.500 level. The main support is now near the $3.350 and $3.300 levels. If there is a downside break below the $3.300 support, the price could extend its decline towards the $3.000 support zone. Technical indicators: 4-hours MACD \u2013 The MACD is now gaining pace in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for EOS\/USD is now in the overbought zone. Major Support Levels \u2013 $3.500, followed by $3.350. Major Resistance Levels \u2013 $3.850, $3.900 and $4.000.<\/p>\n","protected":false},"author":67,"featured_media":434931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16892,4],"tags":[81329,81327,81328],"class_list":["post-434928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-eos","category-analysis","tag-eos-btc","tag-eos-usd","tag-eos-usdt"],"acf":[],"yoast_head":"\n\n
EOS Price is Gaining Momentum<\/h2>\n
EOS price trades above $3.600. Source: TradingView.com<\/a><\/pre>\n
Dips Likely to be Limited<\/h2>\n