EOS Price Drops Below $1.15 – Could Further Declines Follow?

• EOS price started to decline from the $1.15 resistance zone against the US Dollar.
• The bears were active near the $1.15 resistance, causing a break below a key rising channel.
• 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 has recently attempted a recovery wave from the $0.965 zone against the US Dollar, but failed to clear the $1.15 resistance level and has started to decline again. A break below a key rising channel with support near $1.10 was seen on 4-hour chart of EOS/USD pair which suggests further declines in price if it stays below both $1.12 and $1.15 resistance levels.

Support & Resistance Levels

On the downside, an immediate support is near the $1 mark while next key support is at around $0.965 level; any more downside breaks could see EOS testing at around$0.920 in near future whereas on upside first major resistance is found at around$1