The EOS price line was observed turning bearish towards the $2.10 level on the price chart for the 22nd of March. The cryptocurrency had headed across the $2.350 level at the beginning of the day, while it traded between the $2.062 and $2.204 level. Protixder is a TradingView analyst who is of the opinion that EOS will turn bullish soon.
1-Day EOS Price Analysis (22nd March)
EOS was observed to be bullish at the start of the 22nd of March. The cryptocurrency crept past the $2.350 level to reach a day’s high of $2.381 US Dollars, after which the price line began a decline which continued for the rest of the day’s trade. The trading pair saw a number of price bounces, while it closed the day’s trade with a trading price of $2.071 US Dollars.
EOS: rise to $3 next?
Protixder believes that the EOSUSD pair is soon to turn bullish. As suggested by the crypto analyst, the next price target for EOSUSD is the $3 mark.
The coin has so far been able to hold the critical support at the $2 level. However, the analyst stated that this breakout to $3 depends on the volume and the data for the cryptocurrency.
Featured Image by Markus Spiske.
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.