Coin Gabbar Token

This week, the price of EOS started a new decline against the US dollar, starting at $1.80. The price fell below the $1.70 and $1.60 levels, entering a bearish zone.According to price analysis, The price broke through the $1.55 support zone and the 55 simple moving average (4-hours). The bears even pushed the price below $1.40. A bottom has been set at $1.34, and the price is presently consolidating losses. On the upside, an immediate resistance is at the $1.50 level.On the 4-hours chart of the<a href="https://www.coingabbar.com/en/crypto-currency/eos-eos-prices-usd" rel="noopener noreferrer nofollow"> EOS</a>/USD pair, there is also a major bearish trend line forming with resistance near $1.50. The first big resistance is about $1.58. It is close to the 23.6% Fib retracement line of the bearish move from the $1.950 swing high to $1.340 low.The main resistance is at $1.50, over which the price could continue to rise steadily. In the aforementioned scenario, it may reach $1.65. It is close to the 50% Fib retracement level of the fall from the $1.950 swing high to the $1.340 low.Any further gains might push the price up to $1.80. On the downside, an immediate support level is situated at $1.35. The next important level of support is at $1.30. If the price breaks below the $1.30 support, it may return to the $1.25 support.According to the chart, the price of EOS is now trading below the $1.55 level and the 55 simple moving average. Overall, if the price remains above the $1.30 and $1.26 support levels, it may begin a new upward trend.KEY LEVELS :RESISTANCE LEVEL : $1.60-$1.75SUPPORT LEVEL : $1.40-$1.30Get more crypto related updates on ;-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

Cryptocurrency price update: EOS PRICE ANALYSIS : EOS bulls take support of wedge pattern eyes $2

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