After traversing under the $2.250 mark, the cryptocurrency saw bulls that gradually took the EOS price line above the $2.500 level near the end of the day.
EOS Price 24-Hour Analysis
The cryptocurrency started its journey with a trading price under the $2.200 level, from where it curved towards the $2.250 mark by 3:00 GMT. The cryptocurrency saw its day’s low of 2.151 US Dollars at 13:02 GMT, after which it immediately retraced towards the $2.300 level, and then towards the $2.350. At 19:56 GMT, EOS saw bulls that drove the price line beyond the $2.500 level, where the cryptocurrency marked its day’s high of 2.516 US Dollars. Just as these lines are being written, EOS stands on the price chart at 2.456 US Dollars.
Moving Average Convergence Divergence
The Relative Strength Index for EOS was observed at 46.16 at the time of writing. At 20:31 GMT, the RSI reached a high of 87.65, showing that the coin was overly bought at this point. The 20-Day Exponential Moving Average (EMA) and the 50-Day Simple Moving Average (SMA) stayed close to the cryptocurrency’s price line, while the SMA closed at $2.456, whereas the EMA concluded at $2.447.
Featured Image Background Photo by Ian Keefe.
