EOS price falls by 4%: what’s next?

EOS price falls by what s next

The EOSUSD pair fell towards the $2.400 level at the start of the 13th of April, where it traded through the rest of the day. EOS marks a total fall of 4% on the day.

1-Day EOS Price Analysis (13th April)

EOS Price Chart

EOS Price Chart by TradingView

The cryptocurrency was observed at the $2.500 mark at the beginning of the 13th of April. The coin fell to a day’s low of $2.341 US Dollars after the cryptocurrency turned bearish. At this point, the Relative Strength Index (RSI) fell below the level 30.00. The EOSUSD traded near the $2.400 mark until after 19:00 GMT, when the coin rose across the $2.450 mark. The cryptocurrency closed the day with a trading value of $2.454 US Dollars.

EOS: technical indicators

EOS Featured Price Chart

EOS Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) closed at the $2.449 mark, while the 50-Day Moving Average (MA) closed above the 20EMA and along the EOSUSD pair, at the $2.454 mark.

The RSI had fallen to a low of 11.20 at the start of the day when the cryptocurrency turned bearish. This low value of the RSI shows that the cryptocurrency was highly oversold at that time. The RSI remained between the levels 30.00 and 70.00 through the rest of the day. The RSI closed at 56.12.

Featured Image by TheDigitalWay.

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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