After starting its journey at $3.621, the EOS price line has wandered below the $3.62 level for most of the time during the past 24 hours. At the time of writing, the cryptocurrency rests at $3.625.
1-Day EOS/USD Price Chart
On November 6, the bulls carried the EOS price to approach its high of $3.673, after which the price came down, wandering below the $3.62 price mark.
EOS experiences a 0.59 percent increase in price during the past 24 hours, from its lower value of $3.5 from November 4.
According to the price chart, the trading pair had spent most of its time out of the 1-day price analysis below the $3.600 mark. During this downward trip, the price line touched its low of $3.553.
EOS Price Analysis: Expectations
As per the chart above, the trading pair has traced ruffled moving averages, be it the 50-day Moving Average, which concludes at 3.614, down from its peak of 3.654.
The line traced by the 20-day Exponential Moving Average (EMA) observes various triangular movements in the graph, but the EMA depicted no impressive gains.
The Relative Strength Index (RSI) lies a few points above level 50. Based on market capitalization, EOS is currently ranked 7 in all cryptocurrencies, with a market cap of 3,411,816,721 US dollars.
In the upcoming days, the EOS price is expected to sketch between the $3.3 and $3.7 price marks.
Featured image by Flickr.