• EOS price has started to rise from the $1.12 support against the US Dollar.
• There is a key bullish trend line forming with support near $1.20 on the 4-hours chart of the EOS/USD pair.
• The price could continue to move up if it clears the $1.24 and $1.25 resistance levels.
EOS Price Analysis
EOS price started a fresh increase from the $1.12 support against the US Dollar, trading above $1.15 and the 55 simple moving average (4 hours). A key bullish trend line is forming with support near $1.20 on the 4-hours chart of the EOS/USD pair, suggesting that further upside may be possible if it breaks through two key resistance levels at $1.24 and $1.25 respectively.
Upside Break Potential
The pair could continue to move up if it clears these two major resistance levels, which would send it towards a potential higher high at around $1.30 and possibly as high as $1.32 in subsequent gains thereafter. On the downside, immediate support for EOS lies at around $1.20 and then at another key level of around$ 1.175 should there be any corrections or pullbacks during this uptrend period for EOS price movements over the coming days or weeks ahead of time..
Technical Indicators
Looking at technical indicators such as 4 hours MACD and 4 hours RSI (Relative Strength Index), both are currently showing signs of bearishness but with an overall bias towards bullish momentum in terms of EOS/USD movements in recent times especially since breaking through these two main resistance levels mentioned above ($ 1 .24 & 1 .25).
Major Support & Resistance Levels
In terms of major support and resistance levels for EOS price movements, there are three main ones that traders need to be aware off – firstly near$ 1 .20 secondly near$ 1 .175 & thirdly between$ 1 .24 &$ 1 .25 respectively as highlighted previously on this article already published here today by CryptoNewsZ earlier this morning 13th April 2023 @ 5:48 am UTC ( Universal Time Coordinated)..
Conclusion
Overall, with current market sentiment looking increasingly positive for EOS holders today & in future months ahead too -provided that it continues to break through these two main resistance levels ($ 1 .24 &$ 1 .25) -it will likely lead to further upside gains potentially taking its value higher than ever before seen before now over its prolonged history so far since first emerging online back in June 2017 when it was first launched onto global crypto exchanges worldwide soon after its highly successful ICO finished later that same year..