Litecoin

Resistance

<a href="https://bitcoinworld.co.in/price-analysis-eos-started-a-fresh-decline-indicators-suggest-bearish-bias-below-0-72/" title="Price Analysis: EOS Started A fresh Decline, Indicators Suggest Bearish Bias Below $0.72" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">EOS price started a fresh decline after it failed to stay above $0.750 against the US Dollar.</li> 
 <li style="font-weight: 400">The price is now trading below $0.7350 and the 55 simple moving average (4 hours).</li> 
 <li style="font-weight: 400">There is a key bearish trend line forming with resistance near $0.710 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase).</li> 
 <li style="font-weight: 400">The pair could continue to decline if it stays below the $0.7000 and $0.7100 resistance levels.</li> 
 <li style="font-weight: 400">EOS price is struggling below $0.700 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $0.710.</li> 
</ul> 
<h3 id="span-style-font-weight-400-eos-price-analysis-span">EOS Price Analysis</h3> 
In the past few days, EOS price saw a fresh decline from the $0.7350 resistance against the US Dollar.&nbsp; 
The <a href="https://coinstats.app/coins/eos/">price</a> traded below the $0.710 and $0.700 levels to move into a bearish zone. 
The pair even traded below the $0.6650 support. A low has formed near $0.6427, and the price is now consolidating losses.&nbsp; 
There was a minor increase above the $0.665 resistance zone. It tested the 50% Fib retracement level of the downward move from the $0.7317 swing high to the $0.6427 low. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/price-analysis-litecoin-ltc-started-a-fresh-decline-aim-for-more-losses-below-60/" aria-label="“Price Analysis: Litecoin (LTC) Started A Fresh Decline, Aim For More Losses Below $60” (Edit)">Price Analysis: Litecoin (LTC) Started A Fresh Decline, Aim For More Losses Below $60</a> 
EOS is now trading below $0.700 and the 55 simple moving average (4 hours). It is facing resistance near the $0.6880 zone.&nbsp; 
The next resistance is near the $0.700 zone or the 61.8% Fib retracement level of the downward move from the $0.7317 swing high to the $0.6427 low. 
There is also a key bearish trend line forming with resistance near $0.710 on the 4-hour chart of the EOS/USD pair.&nbsp; 
If there is a recovery wave, the price might struggle near the $0.710 zone. The next resistance is near $0.7350.&nbsp; 
A clear move above the $0.7350 level could start a steady increase toward the $0.780 level. Any more gains might send the price toward the $0.820 level. 
On the downside, immediate support is near $0.6650. The next key support is near the $0.6420 level.&nbsp; 
If there is a downside break below the $0.6420 support, the price could test the $0.6250 support in the near term. 
<figure id="attachment_63672" aria-describedby="caption-attachment-63672" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-63672" src="https://bitcoinworld.co.in/wp-content/uploads/EOS-Price-Chart-483x300.png" alt="" width="581" height="361" srcset="https://bitcoinworld.co.in/wp-content/uploads/EOS-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/EOS-Price-Chart.png 760w" sizes="(max-width: 581px) 100vw, 581px">
 <figcaption id="caption-attachment-63672" class="wp-caption-text">
 EOS Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
Looking at the chart, EOS price is now trading below the $0.700 level and the 55 simple moving average (4 hours).&nbsp; 
Overall, the price could continue to decline if it stays below the $0.700 and $0.710 resistance levels. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4 hours MACD – The MACD for EOS/USD is losing pace in the bearish zone.</li> 
 <li style="font-weight: 400">4 hours RSI (Relative Strength Index) – The RSI is now below the 50 level.</li> 
 <li style="font-weight: 400">Major Support Levels – $0.6650 and $0.6420.</li> 
 <li style="font-weight: 400">Major Resistance Levels – $0.700 and $0.710.</li> 
</ul> 
The post <a href="https://bitcoinworld.co.in/price-analysis-eos-started-a-fresh-decline-indicators-suggest-bearish-bias-below-0-72/">Price Analysis: EOS Started A fresh Decline, Indicators Suggest Bearish Bias Below $0.72</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Price Analysis: EOS Started A fresh Decline, Indicators Suggest Bearish Bias Below $0.72

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