The EOS price appears to have achieved some recovery towards the $3.700 level. The coin had fallen below the $3.350 mark on the 26th of February.
As of now, the cryptocurrency seems to have broken through the downtrend as it sees a bullish momentum towards the $3.750 mark on the price chart for the 27th of February. The coin trades within a day’s range of $3.611 — $3.680.
1-Day EOS Price Analysis (27th February)
Right at the beginning of the day, the EOSUSD pair rose from its preceding price mark that rested below the $3.400 level. The EOSUSD pair saw a continuous uptrend until after 18:00 GMT when the price fell short of the $3.550 mark. The chart for the 27th of February concluded at a price of $3.602 US Dollars. Currently, the coin is placed at a trading value of $3.656 US Dollars.
EOS: Technical Indicators
The 20-Day Exponential Moving Average (EMA) has stayed above the 50-Day Moving Average (MA) for most of the day. Currently, the 20EMA lies above the 50MA and EOSUSD, at a day’s closing value of $3.663. The 50MA lies at $3.653 as its closing value for the 27th of February.
The Relative Strength Index (RSI) exhibited a volatile trend on the scale for this day, however, it mostly stayed between the levels 30.00 and 70.00. At one instance, the RSI fell to a low of 19.85. At the time of writing, the RSI lies at 49.48.
Featured Image by Alex Perez.
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.