logo

EOS price holds support at $2: what’s next?

EOS price holds support at what s next

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 Price Chart

EOS Price Chart by TradingView

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.

EOS Featured Price Chart

EOS Featured Price Chart by TradingView

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Related News

Hot Stories

Dogecoin price analysis: DOGE swiftly drops 10 percent, higher local low set?
Aave price analysis: AAVE/USD prices slip below $104.21 as market conditions turn bearish
Why learn blockchain, Defi, and crypto technology at a top university?
What is Replay Attack? Possible impacts on your Ethereum NFTs & precaution
How to Buy Shiba Inu: What's Popular about SHIB

Follow Us

Industry News

Why learn blockchain, Defi, and crypto technology at a top university?
Best Twitter thread of the day - August 17th
Top tweets of the day - August 17th
New York Court rules in favor of Celsius Network to sell mined Bitcoin. More sell pressure?
All you need to know about Dogechain, an L2 DeFi solution for DOGE users