EOS Price Analysis: More Losses Likely Towards $5.50 or $5.26

EOS price failed to surpass the key $6.400 resistance area and declined recently against the US Dollar.
The price is down more than 8% today and it recently broke the key $6.220 support area.
There was a break below a major bullish trend line with support near $6.200 on the 4-hours chart of the EOS/USD pair (data feed from Binance).
The pair is now trading below $6.000 and it could head towards the $5.500 support area.

EOS price is currently declining with a strong bearish momentum against the US Dollar and bitcoin. The price

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