• EOS price is declining from $1.200 against the US Dollar after hitting a high near $1.2349.
• There was a break below a key bullish trend line with support near $1.150 on the 4-hours chart of the EOS/USD pair.
• The next key support is near the $1.065, while an immediate resistance is near the $1.150 level.
EOS Price Analysis
EOS price started a downside correction from the $1.200 resistance against the US Dollar. There was a break below a key bullish trend line with support near $1.150 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
Key Support and Resistance Levels
On the downside, an immediate support is near the $1.08, followed by the $1.065 level which is also close to 61.8% Fib retracement level of the upward move from low to high of $0.9627 and$ 1,2349 respectively.. On the upside, an immediate resistance is at around $1