• 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.
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.
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. p >
< h2 > Conclusion h 2 >
< 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 p >