EOS price finds support between the $4.25 – $4.4 zone. Currently, the cryptocurrency rests near $4.3 after falling towards the $4.2 mark on the 16th of February.
1-Day EOS Price Analysis (17th February)
Currently, EOS trades with a day’s range of $4.038 — $4.419. The cryptocurrency had fallen to $4.021 on the 16th of February, after which it saw retracement towards the major support formed between the $4.25 and $4.4 levels.
At the time of writing, the 20-Day Exponential Moving Average (EMA) was placed at $4.364, while the 50-Day Moving Average (MA) was observed at $4.342. The third technical indicator, the Relative Strength Index (RSI), stood above level 50, at 53.09. The EOS / US Dollar trading pair closed this 1-Day price analysis with a trading price of $4.361 US Dollars.
EOS: Predictive Analysis
Like all the other top altcoins, EOS is also expected to follow the same path as the Bitcoin cryptocurrency. EOSUSD has found major support near $4.3.
Zabir is of the opinion that if the buyers take control of the EOS market from here, the cryptocurrency may push the price up to $5 or higher. In this way, EOS will see itself to a price reversal. The possible price reversal is seen as a line of arrows in the chart posted above.
Featured Image by Ussama Azam.
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.