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Home News EOS News

EOS price increases by 5.27 percent

Aroosa Nadeem by Aroosa Nadeem
Feb 24, 2020 at 02:40 am
Updated Aug 02, 2020 at 07:04 am
in EOS News
2 min read
EOS Featured Image
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EOS price saw a 35% drop after reaching a cycle high. The trading view analyst ferGOD is of the opinion that the cryptocurrency needs time to consolidate, however it has approached a support line right under the $4.30 level, which means that the coin may see a higher swing with time. 

EOS heads above the $4.30 mark on the 23rd of February after seeing a bullish momentum. Currently, the coin rests over the $4.30 level.

1-Day EOS Price Analysis (23rd February)

EOS Price Chart

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EOS Price Chart by TradingView

Before the coin approached the price chart for the 23rd of February, the cryptocurrency traded near the $4.00 level, after which it gradually moved towards the $4.10 mark until the end of the 22nd of February.

As seen in the price chart posted above, the cryptocurrency saw an uptrend on the 23rd of February. The coin found a support line right below the $4.30 mark and continued trading above the $4.30 level after 06:00 GMT. Currently, the EOSUSD trading pair lies at the $4.316 mark.

EOS: Predictive Analysis

ferGOD believes that if the current support holds near the $4.30 mark, the cryptocurrency may soon reach the $5.5 mark or break across it. EOS came crashing downwards with a loss of 35% of its price.

EOS Featured Price Chart

EOS Featured Price Chart by TradingView

Currently, if the coin holds the support found under the $4.30 mark, the trading view analyst says that they expect for the price to have a long price target at $5.5. EOS trades with a day’s range of $4.090 — $4.399.

Featured Image by Briana Wallace.

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.

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