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EOS price rises above $2.70: what’s next?

EOS price rises above

The EOS price line holds the $2.660 level after observing a price fall on the 2nd of June. The cryptocurrency rose across the $2.710 mark as it proceeded towards the end of the day. The EOSUSD pair was observed trading within a day’s range of $2.6410— $2.720.

1-Day EOS price analysis (3rd June)

EOS Price ChartEOS Price Chart by Trading View

EOSUSD showed a ruffled price line on the 3rd of June. The cryptocurrency stood near the $2.670 level at the beginning of the day, after which it fell to $2.640 US Dollars. As the day proceeded, EOS gradually climbed its daily chart. By the end of the 3rd of June, EOS had moved past the $2.700 level.

At the time of writing, the EOSUSD trading pair was observed at $2.714, while the Relative Strength Index (RSI) stood at 64.72.

EOS: what’s next?

readCrypto is a TradingView analyst who believes that as the EOSUSD trading pair has fallen towards the $2.6883 level without any support, the cryptocurrency needs to quickly climb above the $2.6883 level to continue a bullish move.

The analyst suggests that EOS will rise if BTC maintains its current trading range as it had fallen after reaching the 5-Day Exponential Moving Average on the 1M chart.

EOS Price Featured Chart

EOS Price Chart by Trading View

The cryptocurrency appears to have climbed above the $2.6883 level. On the 3rd of June, EOS moved towards the $2.720 mark, and it continues to climb upwards. This idea may very well be in play; however, the trend followed by the altcoin will depend on how Bitcoin acts over its charts.

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.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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