EOS price falls to $2.33

EOS price falls to

EOS price line moved above the $2.36 level through the first two days of July 2020, until after 15:00 GMT on the 2nd of July. The cryptocurrency turned bearish and the price trajectory fell towards the $2.33 level. At the time of writing, EOS was observed trading at $2.339 US Dollars.

1-Day EOS price analysis (2nd July)

EOS price chart 1 - 2 July

EOS Price Chart by Trading View

The Relative Strength Index (RSI) fell to 8.85 after 15:00 GMT when the price abruptly fell towards the $2.32 mark. This shows that the cryptocurrency was extremely oversold at the time of fall. At 16:40 GMT, the RSI indicator moved towards 24.04, which means that EOS was mildly oversold at the instance. At the time of writing, the technical indicator was observed at 42.00.

The 20-Day Exponential Moving Average (20EMA) was observed at $2.329 at the time of closure, whereas the 50-Day Moving Average (50MA) stood at $2.326 at the same time.

EOS price; 

Read Crypto is a TradingView analyst who believes that EOS might rise above $2.5 if the support gets towards the $2.39 mark.

EOS price chart 2 - 2 July

EOS Price Chart by Trading View

In their analysis, the analyst has stated that the support level should reach the $2.2851 mark while getting it above $2.3957 is also important for EOSUSD to move upwards.

If the desired support levels are met then the cryptocurrency is expected to move towards the $2.52 to $2.68 trading range. This increase in price will eventually allow EOS to move towards the $3.09 mark.

For the downward move, if the cryptocurrency falls below the $1.8 mark, it’s expected to move to $1.45 on the 1D charts.

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.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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