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)
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
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.