EOS price holds support above $2.750, rises to $3.000

EOS price holds support above rises to

EOS price rested while accumulating above the support line near the $2.800 level, after which it crossed the $3.000 level at the start of the 3rd of May.

The total price increase over the 24-hour chart amounts to 4% of the cryptocurrency’s standing at the beginning of the 2nd of May.

1-Day EOS price movement (2nd May)

EOS Price Chart

EOS price chart by TradingView

The EOS price kept the day’s trade between the $2.860 and $2.900 marks from the start of the day and till the evening on the 2nd of May. EOS had started the day with a trading value of $2.868 US Dollars, after which EOS rested above the support line until after 15:00 GMT.

As per the chart above, after 16:00 GMT, the trading pair appeared bullish and began climbing upwards on the daily chart. EOS closed the day with a trading value of $2.945 US Dollars.

EOS: technical indicators

EOS Featured Price Chart

EOS price chart by TradingView

The moving averages continue traversing below the $2.900 level until after the evening when the cryptocurrency approached a bullish momentum. The 20-Day Exponential Moving Average (EMA) closed at $3.000, below which the 50-Day Moving Average (MA) closed at $2.992.

The Relative Strength Index (RSI) stayed above the level 40.00 for most of the day’s trade. Right after 18:00 GMT, RSI fell to a low of 18.31, which means that the coin was oversold at that time. The RSI moved above 80.00 before the time of closure, where it saw a high of 83.64, which shows an overbought condition. At the time of writing, the RSI stood at 52.64.

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.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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