EOS price sees a slow retreat towards the $3.950 level on the price chart for January 29. The cryptocurrency’s price line leapt across the $4.100 mark before midday, after which it saw a bearish movement that caused a ruffled price pattern until the end of the day.
1-Day EOS Price Analysis (January 29)
The EOS/USD trading pair started the day’s journey while continuing the bullish trend that the coin saw before January 28 saw to its end. After peaking at $4.097 US Dollars, the price depicted a couple of jumps until it saw bulls at 04:39 GMT and reached the day’s high of $4.109 US Dollars by 06:24 GMT. The price took a steep fall at 09:43 GMT and stopped at $3.985 US Dollars by 09:59 GMT, immediately after which the price retraced towards $4.094 US Dollars.
Before midday, the trading pair fell before $4.040 US Dollars again and showed a dishevelled set of variations that exhibit a price fall until the end of the day. The cryptocurrency closed the day with a trading price of $3.956 US Dollars.
Technical Indicators for EOS
The Relative Strength Index (RSI) fell to 16.90 at 10:01 GMT, while the technical indicator closed the day at 20.26 on the scale. The 20-Day Exponential Moving Average (EMA) closed the day’s trade at $3.976, and the 50-Day Moving Average (MA) concluded the 1-Day price movement at $3.990.
Featured Image by Jordan Sanchez.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.