The EOS price line saw a downfall on the 16th of March due to which it fell below the $1.750 mark, before it saw retracement towards the $2.00 mark on the price chart for the 17th of March. The cryptocurrency trades within a day’s range of $1.869 — $2.032.
1-Day EOS Price Analysis (16th – 17th March)
The coin stepped on the price chart for the 16th of March with a starting price near the $2.050 mark. The cryptocurrency saw a bearish momentum near 06:00 GMT when the price line fell towards the $1.850 mark, followed by the $1.750 level. EOS saw a day’s low of $1.719 US Dollars after which it saw bulls that gradually led the price across the $1.9 level. EOSUSD closed the day with a trading value of $1.899 US Dollars.
On the 17th of March, the coin saw an upward movement and the price line eventually retreated to the $2.0 level. At the time of writing, the coin trades at $2.002 US Dollars.
EOS: predictive analysis
The 20-Day Exponential Moving Average (EMA) closed at $1.998, while the 50-Day Moving Average (MA) closed above the 20EMA, at $2.001. The Relative Strength Index (RSI) stayed between the levels 30.00 and 70.00 through most of the day, while it closed the day at 53.68.
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