EOS price falls to $2.10: what’s next?

EOS price falls to what s next

The EOS price line fell towards the $2.120 mark over the course of the price chart for the 29th of March, after trading above the $2.180 level. The cryptocurrency traded within a day’s range of $2.098 — $2.213. Vladkata2020 is a TradingView analyst who highlighted a descending triangle for cryptocurrency, believing that the price may fall soon.

1-Day EOS Price Analysis (29th March)

EOS Price Chart

EOS Price Chart by TradingView

The cryptocurrency began the day’s trade at the $2.210 mark after which it immediately reached a day’s high of $2.213 US Dollars. The cryptocurrency’s price line can be observed gradually moving down on the price chart until 19:30, after which the coin saw a bearish momentum and the price immediately fell towards the $2.100 level. The EOS / US Dollar traded between the $2.100 and $2.140 marks until the end of the day, and the cryptocurrency closed the day with a trading value of $2.120 US Dollars.

EOS: technical indicators

EOS Featured Price Chart

EOS Featured Price Chart by TradingView

On the 29th of March, the 20-Day Exponential Moving Average (EMA) closed at the $2.122 mark, while at the same time, the 50-Day Moving Average (MA) was observed above the 20EMA, at the $2.125 mark.

The Relative Strength Index (RSI) reached a low of 16.81 when the coin fell towards the $2.100 mark. This means that the coin was oversold at the instance. At the time of closing, the RSI stood at 45.60.

EOS: fall after descending triangle completes?

Vladkata2020 highlighted a descending triangle on the featured price chart for EOS. The crypto analyst believes that the cryptocurrency may see a fall.

EOS Idea Price Chart

EOS Price Chart by TradingView

According to the idea, EOS trades between $2.10 and $2.20 marks while it is expected to fall below the $2.10 mark once the descending triangle is completed.

Featured Image by Mediamodifier.

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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