- EOS price corrected lower and tested the $5.05-5.07 support area against the US Dollar.
- The price is slowly moving higher and it could accelerate if there is an upside break above $5.70.
- There is a key ascending channel forming with support at $5.40 on the 4-hours chart of the EOS/USD pair (data feed from Binance).
- The pair remains supported on dips near the $5.40 and $5.35 levels in the near term.
EOS price is following a nice bullish path above $5.40 against the US Dollar. The price is likely to continue higher if bulls manage to surpass the $5.60 and $5.70 hurdles.
EOS Price Analysis
Today, there were decent gains in bitcoin, Ethereum, ripple, litecoin and EOS price against the US Dollar. Earlier, EOS corrected lower from the $6.116 high and declined below the $5.82 and $5.45 support levels. There was even a break below the $5.25 level and the 55 simple moving average (4-hours). The price traded as low as $5.073 and later started a decent recovery. It climbed above the $5.30…
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