EOS Price Analysis: Bulls Aim for Recovery to $0.78

• EOS price is trading in a bearish zone below the $0.80 support against the US Dollar.
• There was a break above a key bearish trend line with resistance near $0.660 on the 4-hour chart of the EOS/USD pair.
• The pair could continue to rise towards the $0.75 and $0.78 resistance levels in the near term.

EOS Price Analysis

EOS price is currently trading in a bearish zone below the $0.80 support against the US Dollar, however it has been attempting an upside correction lately. There was a break above a key bearish trend line with resistance near $0.660 on the 4-hour chart of the EOS/USD pair, indicating that bulls may be gaining momentum in order to push prices higher than before.

Resistance Levels

On the upside, immediate resistance for EOS is found at around the $0.75 level or at 50% Fib retracement level of its downward move from its swing high at $0.9040 down to low of $0.5987. If successful, this could lead to further increases up to its next major resistance level at around $0.7800 mark and possibly to its previous high at around $0.9040 as well if there is enough bullish sentiment present in market conditions and prices can hold their ground above 0$7600 mark throughout 24 hours period of time prior to any significant dips occurring afterwards..

Support Levels

In terms of support levels for EOS , immediate support can be found near its current price range at around 0$6400 mark followed by more significant support levels located just below 0$6000 mark and just above 0$5800 mark respectively should prices drop down below current price range during any short term corrections or pullbacks which might occur during weekend or first days of new week ahead .

Indicators

According to technical indicators , MACD for EOS/USD is looking quite bullish after recently crossing into positive territory while RSI is also looking quite healthy after recently crossing back up above 50 level , both signs pointing towards increasingly bullish market conditions which could help push prices higher over coming days ahead .

Conclusion

Overall , it looks like bulls are starting to gain some traction again as prices slowly inch closer towards potential breakout points located just above 0$7500 mark , this could pave way for further increases up towards next major resistance level located just above 0$8000 mark if recent uptrend manages hold itself throughout upcoming weekdays ahead .