EOS Price Stuck Below $1.15: What’s Next?

• EOS price is struggling below $1.15 against the US Dollar, similar to bitcoin.
• The price started a fresh decline from the $1.15 resistance zone and failed to clear the 50% Fib retracement level of the downward move.
• If there is a downside break below the $0.965 support, the price could test the $0.920 support in the near term.

EOS Price Analysis

EOS price started a fresh decline from the $1.15 resistance zone against the US Dollar. The price failed to clear the 50% Fib retracement level of the downward move from the $1.340 swing high to $0.9627 low.

Resistance Levels

On the upside, an immediate resistance is near the $1.10 level. The first major resistance is near the $1.15 level, above which the price might test the $1.200 level.

Support Levels

Onthe downside, an immediate support is nearthe$1.00levelThe next key supportisnearthe$0.965levelIf thereisa downsidbreakbelowthe$0 .965support ,thepricecouldtestthe$ 0 .920support inthenearterm.

Price Movement

< p > Looking at themovementofprice ,EOSpriceisnowtradingbelowthe$ 1 . 15 levellandt h e55simplemovingaverage (4-hours).Overall ,t hepricecould continuetodeclineifitstay sbel owthe$ 1 .12and$ 1 . 15resistancelevels.

< h2 > Conclusion
< p > It appears that EOS price may continue to struggle below its current levels as long as it stays below both its immediate and major resistance levels of $1 12 and $1 15 respectively If it breaks through these levels however then we could see some further gains in EOS prices over time

EOS Price Analysis: Recovery Could Be Capped Near $1.20

• EOS price started a fresh decline from the $1.35 resistance zone against the US Dollar.
• The price is now trading below $1.25 and the 55 simple moving average (4-hours).
• There is potential for recovery if there is a clear move above $1.20, but further downside risks remain below $1.10 support.

EOS Price Analysis

EOS price has recently started a fresh decline from the $1.35 resistance zone against the US Dollar. The price currently trades below $1.25 and the 55 simple moving average (4-hours). There was also a break below a key bullish trend line with support near $1.19 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).

Potential For Recovery

There is potential for recovery if there is a clear move above the $1.20 level and the 50% Fib retracement level of the downward move from the swing high of $13406 to its low of$1104 low. Above this, it could also test its next major resistance at around $125 level, followed by an attempt to break through its previous high of 135$.

Downside Risks Remain Below Support Level

On the downside, there are still some risks as long as it stays below its immediate support at around 112$, which is closely followed by another key support at 110$. If there is any further downside break below 110$, then it could test its next major support at 100$.

Technical Indicators

The MACD for EOS/USD is gaining pace in bearish zone while RSI has dropped to below 50%. It would be important to look out for any new developments in order to make accurate predictions about future prices levels or directions of movement of EOS market prices .

Conclusion

In conclusion, EOS price may attempt to recover if it breaks above current resistance levels; however, further downside risks remain intact until it reclaims its previous highs at 135$.

Crypto Stays Calm Amid High Volatility: Experts Point to Resilience

• Crypto experienced a small dip in early February, but was quickly stabilized due to strong sentiment.
• Volatility across the board for stocks is high compared to crypto’s marginal volatility.
• In 2022, bitcoin lost over 70% of its value and the space lost more than $2 trillion in valuation.

Crypto Experiences Sudden Lack of Volatility

In early February, crypto experienced a small dip after weeks of its main assets such as bitcoin riding the bull wave and increasing their prices. On or around February 5th, the crypto space fell by a little over two percent and wound up stuck at just over $1 trillion. Despite this, analysts point out that right now volatility across the board for things like stocks is rather high while crypto is experiencing only marginal volatility – suggesting sentiment is still strong enough to keep the industry stable.

The Worst Year on Record for Bitcoin

In 2022, bitcoin had risen to an all-time high of about $68,000 per unit in November of 2021 but then went on to lose more than 70 percent of its value and had fallen into the mid-$16K range by the time 2022 was on its way out. The space was marred by heavy speculation, bankruptcies, and bad behavior from players like FTX which resulted in it losing more than $2 trillion in valuation in just under 12 months.

Future Outlook For Crypto

Edward Moya – senior analyst at OANDA – suggests that yields are likely to continue rising which could mean that bitcoin might struggle taking out [the] $25,000 level over the short-term; however Tech Dev – an analyst known for sharing his crypto thoughts on Twitter – mentioned that when liquidity flows bitcoin moves so there may be some hope yet for wider adoption and higher values ahead.

Speculation & Good Behavior

Analysts have been quick to suggest that although there has been heavy speculation within cryptospace during times of bullishness (such as during November 2021) it’s important for players within this arena to remain mindful of their actions – both good & bad – as they may have a long-term impact on how cryptocurrencies are viewed by regulators & investors alike.

Conclusion

Cryptocurrency has come a long way since its inception but it’s clear that much work still needs to be done before it can reach mainstream adoption and acceptance levels similar to those enjoyed by traditional investment vehicles such as stocks & bonds. By continuing to exercise caution & remaining aware of potential risks associated with investing too heavily into any one asset class (or asset type) investors should be able to reduce their exposure while still reaping rewards from what could prove to be an incredibly profitable industry once regulatory hurdles are cleared away completely.