EOS price fluctuates up to $3.85; unable to sustain

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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)

EOS price chart 1 - 6th March 2020

EOS price chart by TradingView

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

EOS price chart 2 - 6th March 2020

EOS price chart by TradingView

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 holds no liability towards any investments based on the information provided on this page.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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