EOS Price Plunges: Bears Take Control Below $0.80

• EOS price started a fresh decline from the $0.77 level against the US Dollar.
• There was a break below a key bullish trend line with support near $0.718 on the 4-hour chart of the EOS/USD pair.
• EOS is trading well below $0.75 and the 55 simple moving average (4 hours).

EOS Price Analysis

EOS price started a fresh decline from the $0.77 level against the US Dollar, breaking below a key bullish trend line with support near $0.718 on the 4-hour chart of the EOS/USD pair. The price is now trading below $0.720 and the 55 simple moving average (4 hours).

Key Support & Resistance Levels

On the upside, immediate resistance is near the $0.720 level, while further gains could take it towards to major resistance at around $0.750 and then to $0.850 levels. On downside, immediate support is near $0.642 followed by another key support at around $0.620 levels in case of further declines in price action for EOS/USD pair in days ahead..

Technical Indicators

The MACD for EOS/USD is gaining pace in bearish zone, while RSI has dropped back below 50 levels which indicates more bearish pressure in market trends ahead for this cryptocurrency..

Outlook

overall, if EOS stays below current levels of resistance at around 0