The altcoin market receded in the afternoon of the 9th of August, where the EOS price fell towards the $2.98 mark. Francis Petkovich is a crypto analyst who believes that the EOS price will see a price pump soon.
1-Day EOS price analysis
The EOSUSD pair rose to a day’s high of $3.085 US Dollars, after which it gradually made its way towards the $3.04 mark by noon. After 12:00 GMT, the cryptocurrency fell to a day’s low of $2.954. At the time of writing, EOS traded at $2.996 US Dollars.
What to expect from EOS price?
The Trading View analyst Francis Petkovich is of the opinion that the EOSUSD trading pair will rise above the $3.1 level soon.
Petkovich explains that EOS is one of the major altcoins, and it still has not observed a price pump in this altcoin season, which is why the analyst believes that EOS will undergo a price pump after it shows a false price breakdown. The Moving Average Convergence Divergence (MACD) technical indicator has shown a flatlining, which means that the cryptocurrency’s price is about to turn volatile.
The analyst expects the price line to rise towards above the $3.1 mark and travel to $3.19 while the $2.9 to $3.1 range will act as support for the cryptocurrency.
The stop-loss for this trade was kept at $2.8 by the analyst. If this idea takes place, the cryptocurrency’s price is expected to initially rise towards the $3.2 level.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.