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Home News EOS News

EOS price falls towards $4.3

Aroosa Nadeem by Aroosa Nadeem
February 19, 2020
in EOS News
2 min read
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EOS price sees an uptrend towards $4.600 on the 19th of February after holding the support placed near $4.420. However, closer to the end of the chart, the cryptocurrency shifted the trend and began falling towards the $4.430 mark. EOS currently trades with a day’s range of $4.406 — $4.615.

1-Day EOS Price Analysis (19th February)

EOS Price Chart

EOS Price Chart by TradingView

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The EOS price line saw a major uptrend on the 18th of February after which the cryptocurrency rose across the $4.650 mark. On the price chart for the 19th of February, the coin shows a downward slope that led the price towards the $4.440 level.

The cryptocurrency was expected to hold its target as $4.82 towards the uptrend since it held the support near the $4.420 mark on a 1-hour candle. However, the cryptocurrency played out according to the idea until it reached the $4.6 mark near 17:00 GMT, after which it fell towards its current price of $4.446 US Dollars.

EOS: Technical Indicators

EOS Price Chart

EOS Price Chart by TradingView

The Relative Strength Index (RSI) traveled above level 70 at 02:23 GMT to reach a high of 82.10, while it lay its variations closer to level 30 at the end of the day. At the time of writing, the RSI stands at 35.09.

The 20-Day Exponential Moving Average (EMA) closed the day at $4.462, while at the same time, the 50-Day Moving Average (MA) stood at $4.475. Both of the technical indicators can be seen moving downwards on the price chart as the EOSUSD pair approaches the $4.440 mark.

According to coinmarketcap.com, EOS is ranked as the 8th cryptocurrency with a market capitalization of $4,185,336,322 US Dollars. Currently, the total supply for the cryptocurrency is 1,050,438,949 EOS.

Featured Image by NASA.

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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