The EOS price line rose across the $2.30 mark after starting the day at the $2.120 level. The cryptocurrency traded between the $2.120 and $2.360 levels on the 23rd of March.
1-Day EOS Price Analysis (23rd March)
The cryptocurrency started the day’s trade for the 23rd of March near the $2.140 level. The coin saw bulls in the afternoon which led to the price line’s rise across the $2.340 level to get to a day’s high of $2.349 US Dollars. After that, the coin fell towards the $2.240 mark and began price movements which appear to be noise on the weekly chart. The price line was headed towards the $2.30 level towards the end of the day. The EOSUSD pair closed the day with a trading price of $2.302 US Dollars.
EOS: technical indicators
The 20-Day Exponential Moving Average (EMA) closed at $2.295 on the 23rd of March, while the 50-Day Moving Average (MA) was observed at the $2.288 mark at the time of the day’s closure.
The Relative Strength Index (RSI) crept past level 70 after the cryptocurrency was subjected to a bullish momentum, which means that the coin was mildly overbought at this instance. The RSI has stayed between the levels 30 and 70 for the rest of the day and it was observed at 62.90 at the time of closure.
Featured Image by Markus Spiske.
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.