The EOS price line approaches the $5.40 after seeing bears that led the cryptocurrency below the $5.240 level. As per a predictive analysis constructed by the trading view analyst DLavrov, EOS is expected to bounce off the $5.5 mark and approach $3.7 soon. DLavrov believes that this price trend will take place if Bitcoin falls.
1-Day EOS Price Analysis (14th February)
EOS showed an irregular price trend on the 14th of February. The cryptocurrency stepped onto the day’s chart with a trading price of $5.366 US Dollars. The trading pair rose towards the $5.440 mark before it saw a bearish momentum and fell below the $5.260 level by 07:25 GMT to reach a day’s low of $5.233 US Dollars by 07:36 GMT. The cryptocurrency saw some retracement towards the $5.360 mark and showed ruffled price movements until 15:00 GMT.
The coin set its path towards the $5.380 mark after 18:00 GMT and until the end of the day. The cryptocurrency closed the 14th of February with a trading price of $5.403 US Dollars.
EOS: Predictive Analysis
According to DLavrov’s prediction, if Bitcoin falls to a bearish momentum, the EOS/US Dollar trading pair will also see itself to a fall. The trading view analyst is of the opinion that the cryptocurrency might bounce of the $5.5 mark.
The crypto analyst further stated that the Relative Strength Index (RSI), and the MACD histogram will confirm this reversal of price. In DLavrov’s opinion, this price reversal will prove to be fruitful for the cryptocurrency’s market and it will allow better trading opportunities.
Featured Image by Tim Trad.
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.