• EOS price is trading in a bearish zone below the $1.05 level against the US Dollar.
• There was a break above a major bearish trend line with resistance near $1.015 on the 4-hour chart of the EOS/USD pair.
• The price might attempt to recover if there is a clear move above $1.050.

EOS Price Analysis

EOS price is struggling below $1.08 against the US Dollar, unlike Bitcoin. The price range has been below the $1.12 resistance against the US Dollar and remained stable above the $0.98 and $1.00 support levels recently. A low was formed near $0.9747 and the price is now attempting an upside correction after breaking through a major bearish trend line with resistance near $1.015 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase).

Resistance Levels

On the upside, immediate resistance is near the $1.03 level and 55 simple moving average (4 hours). The first major resistance lies at around $1.05 or 23.6% Fibonacci retracement level of downward move from swing high at around$1