The EOS price is under an ongoing bullish trend and the Support/Resistance zone lies at $4.5304, above which lies the best place for buyers. Trading view analyst Yuriy Bishko believes that the buy position will be better to open once the pullback occurs. EOS also falls towards the $4.800 mark on the price chart for the 10th of February.
1-Day EOS Price Analysis (9th – 10th February)
On the 9th of February, EOS showed dishevelled price movements on the price chart shown above. The coin started it’s 24-Hour trade near the $4.950 mark and closed the day at $5.017 US Dollars. The cryptocurrency saw bears after it entered the 10th of February and the price fell to the $4.750 mark by 09:19 GMT.
In the afternoon, the cryptocurrency experienced retracement and the price regained price above the $4.850 mark. Currently, the coin trades at $4.873 US Dollars.
EOSUSD: Where to Buy?
Bishko is of the view that since the trend is currently bullish, the best place to buy will be above the Support/Resistance Zone. According to Bishko, the next price target for EOS is expected to be $6.0704.
As seen in the chart above, the Support/Resistance Zone lies at $4.5304. Bishko further believes that once the price shows a pullback, the buy position will be better.
Featured Image by Michelle Chiu.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.