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EOS price line reaches $2.2: what’s next?

EOS price line reaches what s next

The EOS price line was observed heading across the $2.50 mark before it dipped towards the $1.90 level on the price chart for the 20th of March. The cryptocurrency recovered price towards the $2.20 level before the day’s closure, and it trades within a day’s range of $2.160 — $2.289.

1-Day EOS Price Analysis (20th March)

EOS Price Chart

EOS Price Chart by TradingView

The cryptocurrency’s price line stood at the $2.30 level at the start of the day while it saw bulls across the $2.50 level before noon. The coin reached a day’s high of $2.525 US Dollars, after which it gradually turned bearish and declined towards the $1.90 level. The coin reached a day’s low of $1.921 US Dollars closer to the end of the day, after which it rose towards the $2.20 level and closed the day with a trading value of $2.197 US Dollars. At the time of writing, the cryptocurrency trades at $2.210 US Dollars.

EOS: technical indicators

EOS Featured Price Chart

EOS Featured Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) moved above the 50-Day Moving Average (MA) for most of the day’s price journey, while it closed above the EOSUSD pair and below the 50MA, at $2.210. The 50MA closed at the top, at $2.233.

The Relative Strength Index (RSI) was seen at the 19.23 mark at 18:35 GMT, which means that the coin was oversold at the time. At the time of writing, the RSI stands below level 50, at 41.15.

Featured Image by Jason Briscoe.

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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