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EOS price falls to $2.47: what’s next?

EOS price falls to what s next

While EOS price fell towards the $2.47 level on the 24th of June, the bulls and the bears appear to be at a stalemate for the EOSUSD pair.

In one of their recent ideas, MartyBoots the TradingView analyst believes that the trading pair might see a 50% uptrend in the next 6 months. The analyst discussed that this idea may come into play if the bulls take over the market.

1-Day EOS price analysis (24th June)

EOS price chart 1 - 24 June

EOS Price Chart by Trading View

EOS was priced near the $2.58 level at the start of the 24th of June. The price line gradually moved to a day’s high of $2.596 US Dollars, after which it showed a sudden fall towards the $2.52 level. Gradually, the price further lowered towards the $2.48 mark. At the time of writing, the EOSUSD pair was observed trading at $2.477 US Dollars.

EOS movement; technical indicators

EOS price chart 2 - 24 June

EOS Price Chart by Trading View

On the 24th of June, the 20-Day Exponential Moving Average (20EMA) closed at the $2.471 level, while the 50-Day Moving Average (50MA) was observed at $2.473 at the time of writing. The moving averages depict a fall after the near 07:00 GMT, after which the EOSUSD pair can be observed falling towards the $2.48 mark.

The Relative Strength Index (RSI) fell to a day’s low of 9.16 at the time the cryptocurrency turned bearish. This means that EOS was highly oversold at that instance. At 10:36 GMT, the RSI fell towards another low of 10.33, after which it returned towards above the 50.00 level. At the time of writing, the technical indicator was at 60.42.

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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