The EOS price line retreats towards the $4.100 mark on the price chart for January 31. The cryptocurrency saw bears as the day started, and the trading pair’s price line saw a decline that continued until after 15:00 GMT. A price bounce, that occurred before the day ended, recovered some of the coin’s price ($4.144 USD).
1-Day EOS Price Analysis (January 31)
On the last day for January 2020, the cryptocurrency had a day’s starting price of $4.322 US Dollars after the price closure for January 30. EOS saw a continuous downward trend, where the price began its journey above the $4.300 mark, and it gradually fell below the $4.050 level on the price chart for January 31. At 14:30 GMT, the coin reached a day’s low of $4.014 US Dollars, and it continued a relatively stable price trend until the end of the day.
According to the price chart above, EOSUSD stayed between the $4.000 and $4.150 marks on the price chart. At closing time, the cryptocurrency had a trading value of $4.144 US Dollars.
Technical Indicators for EOS
The 20-Day Exponential Moving Average (EMA) ended the trade for January 31 at a value of $4.124, and the 50-Day Moving Average (MA) closed above the preceding technical indicator (EMA), at $4.129. The Relative Strength Index (RSI) was placed at 63.95 at closing time.
Featured Image by Dominik Schröder.
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.