The EOS price line shows a volatile price trend on the prices charts for the 17th and the 18th of March. The cryptocurrency traded within a day’s range of $1.876 — $2.009 with ruffled price movements.
1-Day EOS Price Analysis (17th – 18th March)
As observed in the price chart above, the cryptocurrency’s price line can be seen rising towards the $2.020 mark at the start of the price analysis, after which it traded between the $1.920 and $2.040 levels on the price chart. The cryptocurrency showed ruffled price movements until it saw a bearish momentum on the 18th of March. The coin reached the day’s closure with a trading value of $1.978 US Dollars.
On the 18th of March, the cryptocurrency encountered bears at 5:00 GMT, which caused the price line to drop to the $1.880 level. The cryptocurrency saw an incline in the afternoon which caused the price to return above the $2.0 level. At the time of writing, the EOSUSD pair has a trading value of $1.993 US Dollars.
EOS: technical analysis
The 50-Day Moving Average (MA) closed at $1.979, while the 20-Day Exponential Moving Average (EMA) closed above the 50MA, at $1.988. The Relative Strength Index (RSI) turned bearish after falling towards the 20.00 mark near the end of the day. Currently, the RSI stands at 62.16.
Featured Image by Annie Spratt.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.