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EOS price sees an uptrend to $2.50: what’s next?

EOS price sees an uptrend to what s next

The EOS price line was seen moving across the $2.500 mark on the price chart for the 2nd of April, while the coin traded between the $2.250 and $2.500 levels for the day’s trade. mr_kosovskiy is a TradingView analyst who believes that EOS is in an upward channel and its upcoming price target lies across the $3.00 mark.

1-Day EOS Price Analysis (2nd April)

EOS Price Chart

EOS Price Chart by TradingView

The cryptocurrency was at the $2.295 mark at the beginning of the day, while it traded between the $2.260 and $2.300 marks until after 15:00 GMT when the price line ran into a bullish momentum and EOSUSD pair stepped on an uptrend. The cryptocurrency’s price line moved across the $2.350 mark and saw another bullish movement that made the EOSUSD pair move across the $2.500 level. The coin reached a day’s high of $2.501 US Dollars, after which the trading pair saw a downtrend and the price gradually fell below the $2.300 level. The EOS / US Dollar trading pair traded near the $2.300 level until it closed the day’s trade at a value of $2.293 US Dollars.

EOS: uptrend next?

While mr_kosovskiy drew an upward channel on the featured price chart for EOS, the crypto analyst also stated that the cryptocurrency is currently in a buy zone, and the price will move upwards and find support near the $3.00 level.

EOS Featured Price Chart

EOS Price Chart by TradingView

The idea appears to be in play, since EOS continues to move in the upward channel. According to mr_kosovskiy, the next price target for EOS is at $2.5236, which will be followed by the $3.0247 mark.

Featured Image by mohamed Hassan.

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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