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)
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
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.