EOS Price Analysis: Signs of Bearish Continuation

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EOS price is down more than 8% today and it broke the key $2.700 support area against the US Dollar. The price traded close to the $2.500 support area and it is currently correcting higher. There is a major bearish trend line forming with resistance near $2.850 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could resume its decline as long as it is trading below the $2.800 pivot area. EOS price is back in a bearish zone against the US Dollar and bitcoin. The price remains at a risk of more losses as long as the price is below $2.800 and $3.000. EOS Price Analysis The last few sessions saw a strong decline in bitcoin, Ethereum, ripple, litecoin and EOS against the US Dollar. Earlier, EOS price struggled to hold gains above the $3.000 pivot level and started a fresh decline. The price…

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