EOS Price Drops Below $1.15: Upsides Could be Limited

• EOS price is struggling below $1.15 against the US Dollar, similar to Bitcoin.
• The price might attempt to recover if there is a clear move above $1.12.
• 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. There was a break below a key rising channel with support near $1.10 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $1.12 and $1.15 resistance levels.

Upside Limited Above $1.15

EOS price attempted a recovery wave from the $0.965 zone but failed to clear the 50% Fib retracement level of its downward move from high of $1.340 to low of $0


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