The EOS price line exhibits a bullish momentum on the 2nd of March. The coin moved across the $3.750 mark, from a day’s low near the $3.50 level on the price chart. Currently, the coin trades with a day’s range of $3.650 — $3.715.
1-Day EOS price analysis (6th March)
At the beginning of the 6th of March, the price line lay at the $3.760 mark before it got subjected to any bears towards the $3.72 mark only to recover into a bullish momentum.
The cryptocurrency managed to reach across the $3.853 mark but unable to sustain EOS price went in for big numbers for a second time right at the midnight securing the $3.84 mark.
At the time of writing, the EOS / US Dollar trading pair stands at a value of $3.792 US Dollars.
EOS: technical indicators
The 20-Day Exponential Moving Average (EMA) was seen tracing right above the 50-Day Moving Average (MA) through most of the day. Currently, the 50MA lies below the 20EMA, with a day’s closing value of $3.803. Whereas, the 20EMA closed right above the 50MA, at $3.808.
The third technical indicator, the Relative Strength Index (RSI) has moved above level 50.00, and it closed at 51.87 on the 6th of March.
Featured Image by Olga Subach.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.