The EOS price can be seen consolidating after its fall on the 19th of February. The cryptocurrency has gradually climbed across the $4.00 mark on the 21st of February. The coin saw itself travel towards the $4.200 mark, however, no bullish momentum has been acquired by the cryptocurrency yet.
1-Day EOS Price Analysis (21st February)
The price line was seen slowly climbing towards the $4.00 mark after falling to the nearest support at $365. EOS did not test at $515, which was followed by a bearish momentum and a fall below the $365 mark. The cryptocurrency reached a day’s high of $4.196 by 21:27 GMT.
As of now, the EOS / US Dollar trading pair stands in between the day’s range of $3.950 — $4.198. EOS has a current trading value of $4.091 US Dollars.
EOS: Predictive Analysis
The Relative Strength Index (RSI) reached 83.11 on the chart right after entering the 21st of February. This instance shows an overbuying of the coin. Currently, the RSI stands at 63.97.
The 20-Day Exponential Moving Average (EMA) closed above the 50-Day Moving Average (MA), at $4.060. The moving average technical indicator was observed at $4.036 at the time of closing.
EOS might see bulls or even a rally because of the 200-Day Moving Average (MA)‘s path of convergence. According to coinmarketcap.com, EOS has a market capitalization of $3,898,424,193 US Dollars.
Featured Image by Felipe Correia.
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.
This post was last modified on August 2, 2020 7:04 am