EOS Price Analysis: Signs of Recovery Above $1.05

• EOS price is trading in a bearish zone above the $0.98 support 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 could start a recovery wave if it clears the $1.05 and $1.08 resistance levels.

EOS Price Analysis

EOS price is struggling below $1.08 against the US Dollar, unlike Bitcoin. The price has formed a low near $0.9747 and is attempting an upside correction from thereon. 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 (data feed from Coinbase).

Resistance Levels

Immediate resistance for EOS/USD is near the $1.03 level and the 55 simple moving average (4 hours). The first major resistance is near the $1.05 level or 23.6% Fib retracement level of downward move from the recent high at $1