EOS price returns to $2.52

EOS price returns to after falling below

The EOS price line gathered the bearish momentum at the start of the 14th of June. The coin’s price fell below the $2.44 mark after the first quarter of the 15th of June. The pair was observed trading between $2.420 — $2.568 for the day.

1-Day EOS price analysis (15th June)

EOS price chart 1 - 15 June

EOS Price Chart by Trading View

The chart above shows an abrupt price fall near 06:00 GMT. The price trajectory had fallen below the $2.44 mark, where it approached a day’s low of $2.42 US Dollars. The cryptocurrency treaded in a ruffled pattern for the rest of the day’s trade. The coin’s price returned above the $2.52 mark before closing the 24-hour trade. At the time of writing, EOS traded at $2.52 US Dollars.

On the 15th of June, the Relative Strength Index (RSI) fell to a low of 12.23 at the time the EOSUSD pair fell below the $2.44 mark. This shows that the cryptocurrency was oversold at that instance. By 08:00 GMT, the RSI indicator rose to a high of 81.32. Such a high value of the technical indicator depicts an overbought coin.

EOS price; what’s next?

Nizamu is a TradingView analyst who believes that the EOSUSD pair will see an uptrend towards the $5.4 mark.

EOS price chart 2 - 15 June

EOS Price Chart by Trading View

The crypto analyst marked the highest and the lowest price of the cryptocurrency for 2020. EOS was observed at a high of $5.47, and a low of $1.73.

The cryptocurrency has held its trade about the $2.4 level after April 2020. Nizamu believes that EOS will soar towards the $5.47 mark, gaining a profit of 70% — 100% on its charts. The analyst also suggests that buyers should invest in the trading pair for profit in the future.

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.

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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