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EOS price rests above $2.750

EOS price rests above

The altcoins show similar trading movements on the 5th of May. The EOS price line rose across the $2.800 level, while it traded near $2.750 for the rest of the day’s trade. At the time of writing, the coin had a day’s range of $2.739 — $2.774.

1-Day EOS price analysis (5th May)

EOS Price Chart

EOS price chart by Trading View

After starting the day’s trade near the $2.780 level, the cryptocurrency approached a day’s high of $2.831 US Dollars within the first quarter of the day. The EOSUSD pair appeared bullish at 10:00 GMT when the RSI experienced a bearish convergence and fell below the level 20.00.

Near 10:00 GMT, the trading pair fell to a day’s low of $2.719 US Dollars, after which it traded above the $2.740 mark and below the $2.780 level until the end of the day’s trade. At the time of writing, EOS traded at $2.761 US Dollars.

EOS: technical indicators

EOS Featured Price Chart

EOS price chart by Trading View

On the 5th of May, the moving average indicators for EOSUSD traveled near the $2.750 mark for the majority of the day’s trade. The 20-Day Exponential Moving Average (EMA) saw the day’s closure at $2.760 and the 50-Day Moving Average (MA) closed below the 20EMA, at $2.752.

The Relative Strength Index (RSI) fell to a day’s low of 13.06 at the time when the EOSUSD pair turned very bearish and the cryptocurrency’s price fell towards the $2.740 mark, near 10:00 GMT.

After the price fall, the RSI stayed above the level 40.00 until the end of the day, while it stood at 53.19 at the time of writing.

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.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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