EOS Price Analysis: Bulls Face Uphill Task Near $1.12

EOS price started a fresh increase from the $1.00 support against the US Dollar. The price is now trading above $1.02 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1.060 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $1.10 and $1.12 resistance levels. EOS price is rising above $1.02 against the US Dollar, similar to bitcoin. The price could resume its increase if it clears the $1.10 and $1.12 resistance levels. EOS Price