The EOS price sees a downtrend on the 24th of February after trading at the $4.30 mark on the 23rd of February. The cryptocurrency saw a price bounce just before it entered the new day’s chart and peaked towards the $4.40 level, shortly after which the coin saw a bearish momentum and fell below the $3.950 level before the end of the day.
Currently, EOS has a day’s trading range of $3.911 — $4.418, while it trades near the $4.0 mark.
1-Day EOS Price Analysis (24th February)
On the chart for the 23rd of February, the cryptocurrency seemed to have reached a resting price mark as it traded near the $4.30 mark for the whole day until it a saw a price jump before the day ended. At the beginning of the 24th of February, the coin had reached a day’s high of $4.418 US Dollars.
Shortly after the completion of the uptrend, the EOSUSD pair fell to the $4.20 level and varied under and above it until before the evening. The coin saw another bearish pull that made the price fall towards the $3.90 mark.
After a brief retracement, the price rose towards the $4.0 level at the end of the day. Currently, the coin trades at $3.994 US Dollars.
EOS: Technical Indicators
The 20-Day Exponential Moving Average (EMA) saw the day’s closing value at the $4.006 mark, whereas the 50-Day Moving Average (EMA) lay above the EMA, at $4.017.
The Relative Strength Index (RSI) for EOS has varied between the levels 35.00 and 60.00 on most parts of the day’s price chart.
Featured Image by Tevei Renvoyé.
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.