EOS price line trades near the $3.580 mark for most of January 20 before it rises above the $3.660 level. EOS price is moving slow but traders are confident that the price would gain momentum again.
1-Day EOS Price Analysis (January 20)
The price line for the EOS/US Dollar trading pair stepped onto January 20 with a value of $3.609 US Dollars. The price line gradually decreased its slope while depicting dishevelled price movements until noon, when the cryptocurrency traded at $3.524 US Dollars. The price line continued to decline until 13:28 GMT when it reached the lowest value for the coin on January 20, at $3.480 US Dollars.
After the price fall, the cryptocurrency saw immediate retracement towards the $3.620 mark by 14:48 GMT. Exactly an hour after the coin touched $3.620, at 15:48 GMT, the cryptocurrency experienced another upward pull towards the $3.700 level and reached a day’s high of $3.698 US Dollars.
The cryptocurrency traded between the $3.620 and $3.680 levels on the price chart until it reached the end of the day, with a value of $3.611 US Dollars.
Moving Average Convergence Divergence (MACD)
The Relative Strength Index (RSI) is placed under level 50, at 30.37. The 20-Day Exponential Moving Average (EMA) stands below the 50-Day Simple Moving Average (SMA), at $3.610. While the SMA is marked at $3.624 by the end of the day.
Featured Image by Rodion Kutsaev.