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Home News EOS News

EOS price falls to $1.4: what’s next?

Aroosa Nadeem by Aroosa Nadeem
March 13, 2020
in EOS News
2 min read
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The EOS price line saw bears on the 12th of March after which it fell towards the $1.80 mark. The cryptocurrency traded within a day’s range of $1.426 — $1.988. Trading view analyst mr_kosovskiy suggests that the cryptocurrency is currently in a buy zone and its next price target lies above the $3.0 mark.

1-Day EOS Price Analysis (12th March)

EOS Price Chart

EOS Price Chart by TradingView

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The coin started the trade above the $3.0 mark and it gradually came down to the $2.0 mark as of noon on the 12th of March. The cryptocurrency traded between the $2.0 and $2.2 marks until near the end of the day, when the coin fell to the $1.8 mark and saw to the day’s closure with a trading price of $1.792 US Dollars. The cryptocurrency saw another drop which was headed towards the $1.4 mark. At the time of writing, the EOSUSD trading pair has a trading value of $1.791 US Dollars.

EOS: predictive analysis

mr_kosovskiy highlighted the next target price for EOSUSD on the chart below. The cryptocurrency is expected to head to the $3.0492 mark soon.

EOS  Featured Price Chart

EOS Featured Price Chart by TradingView

The crypto analyst is of the opinion that the best buying zone as of now is the $1.5268 level, while a false breakout should be awaited at the moment.

Featured Image by Annie Spratt.

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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