- EOS price is changing hands between the moving average support and resistance.
- EOS/USD must fight to keep the support at $7.60 failure to which the price is likely to break down further.
EOS price has been troubled lately just like the majority of cryptocurrencies in the market. It is trading in forming contracting triangle while the intraday highs have been limited below $8.00. The charts show a 2.2% decrease in value since the start of the session on Thursday 28.
The price is moving up and down the 61.8% Fib retracement level with the last swing high of $8.58 a swing low of $7.42 marginally under $7.90. The Simple Moving Average is offering immediate support while the 100 SMA is preventing movements on the upside. Further up, the 50% Fibonacci level is presenting a breakout point at $8.00, which will open the door for the price to attack other key levels at $9 and $10.00 respectively.
In the meantime, EOS/USD must fight to keep the support at $7.60 failure to which the price is likely to break down further and test the yesterday’s support zone around $7.40. EOS is ranked the 5th in the market and CoinMarketCap shows that it is capped at $6.8 billion. Its trading volume in the last 24 hours is $ 729,037,000.
EOS/USD 1-hour chart 
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