The EOS price line climbed across the $4.000 mark on January 27 after it closed trade at the $3.650 mark at the end of January 26. The EOS/USD pair stood near the $3.950 mark at the start of January 28 and it immediately followed the bulls on the path towards the $4.100 mark.
1-Day EOS Price Analysis (January 28)
According to the 1-Day price chart posted for January 28, the EOS/USD trading pair saw bulls just before it started the day’s trade. The bullish incline took the price line above the $4.100 mark by 00:58 GMT, from its previous resting price of $3.954 US Dollars. The cryptocurrency reached a day’s high of $4.127 US Dollars by 01:02 GMT, immediately after which it stepped onto a downward movement which concluded at 10:12 GMT when the coin reached $4.000 US Dollars.
After a couple of price bounces towards the $4.100 mark, the trading pair faced another decline and the price line slipped below the $3.900 mark before it retraced to the day’s closing value of $4.055 US Dollars.
Moving Average Convergence Divergence (MACD)
As per the full-featured price chart above, the Relative Strength Index (RSI) was observed at a closing value just under level 60, at 59.94. The RSI followed a frequently-changing path over the day’s course.
The 20-Day Exponential Moving Average (EMA) met $4.047 on the price chart at the end of the day, whereas the 50-Day Simple Moving Average (SMA) stood below the EMA, at $4.018.
Featured Image by Patrick Hendry.
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.