EOS is recovering against the USD after finding support around $7.60. If the bulls continue to put pressure in the market, EOS will hit the $10,00 level short-term. There was a positive trading bias above $7.60 after the price broke significant bearish trendline that has resistance around $7.80. The EOS to USD trading pair is still moving toward the $8.80 resistance level. If it breaks this level, it will move to the $9.50 level and then proceed to $10.00. This is according to the price analysis of Aayush Jindal.
EOS To USD Price Analysis For July 23
EOS price moved above $9.00 but declined below $8.00 against the USD. When the price got to $7.60, the sellers returned to the market and put pressure on the buyers. The price chart of EOS to USD shows that the increase in buying interest was what pushed the price of EOS above the 23.6% Fibonacci retracement level of the last slope from $9.36 to $7.60.
EOS Price Today – EOS / USD
The EOS to USD trading pair had a price break above the significant $7.80 resistance. The trading pair also moved above the $8.20 level as well as the 100 simple moving average. The pump in price paved a way for additional gains that pushed EOS above $8.50. The price action also formed an immediate resistance at the 50% Fibonacci retracement level of the last wave from $9.36 to $7.60 which was at $8.48. If the price rises above this point, it will most likely cross the $9.00 resistance and move all the way above $9.35.
If EOS successfully breaks the $9.35 level, the chances of going all the way to $10.00 will increase greatly. However, as EOS attempts to go up, it will face resistance at $8.00 and moving below this level might see the price back to the $7.60 support. The good thing is that the price trend is positive. The next few hours of trading will determine if the price action will go up or down.