On the 25th of February, the EOS price line showed extremely ruffled price movements above the $4.00 mark. The cryptocurrency traded between the range $3.878 — $4.240.
The trading view analyst Bitcoin Whale believes that since the moving averages for the EOSUSD pair have exhibited a golden cross, the EOS price should shoot up soon.
1-Day EOS Price Analysis (25th February)
Just before approaching the chart for the 25th of February, the cryptocurrency fell to a low located under the $3.950 mark. The coin saw some retracement towards the $4.1 on the 25th of February, and then it showed a disheveled price trend until the end of the day.
As of now, the cryptocurrency trades at $4.067 US Dollars. The 20-Day Exponential Moving Average (EMA) was seen closing at the $4.066 mark, whereas the 50-Day Moving Average (MA) closed at the $4.069. The Relative Strength Index (RSI) stood at 46.53.
EOS: Predictive Analysis
The crypto analyst Bitcoin Whale is of the opinion that EOS should see a bullish pullover soon as a golden cross has occurred for the cryptocurrency’s 100-Day and 200-Day Exponential Moving Averages (EMA).
The 100-Day EMA moved above the 200-Day EMA on the 25th of February, and the movement is referred to as a golden cross. Currently, the EOS market is supposedly strong for buyers.
Featured Image by Evelyn Paris.
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.