EOS price rises to $2.20: what’s next?

EOS price rises to what s next

The EOS price line fell towards the $2.150 mark from above the $2.300 level just before the time of closure on the 27th of March. The cryptocurrency traded within a trading range of $2.093 — $2.248. Yuriy_Bishko believes that the cryptocurrency’s price is in a triangle now and the price line is nearing a buy zone.

1-Day EOS Price Analysis (28th March)

EOS Price Chart

EOS Price Chart by TradingView

After falling to the $2.150 mark, the cryptocurrency traded between the $2.150 and $2.200 while briefly slipping below the $2.150 mark at 03:36 GMT to reach a low of $2.123 US Dollars. the cryptocurrency saw bears at 17:22 GMT when the price fell below the $2.100 mark and reached a day’s low of $2.093 US Dollars on the 28th of March. Shortly after the fall, the coin regained price to reached the $2.150 mark, followed by a bullish momentum that led the price to a day’s high of $2.248 US Dollars. At the time of closure, the EOSUSD pair traded at $2.209 US Dollars.

EOS: rise to $2.8 next?

Yuriy_Bishko is of the opinion that after the cryptocurrency reaches the resistance at the $2.3880 mark, it will enter a buy zone at the end of the price triangle.

EOS Featured Price Chart

EOS Featured Price Chart by TradingView

The crypto analyst suggests that if the EOSUSD pair is able to break through the resistance at $2.3880, the price will move towards or even past the $2.8603 mark.

Featured Image by Gerd Altmann.

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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