Similar to the other altcoins, the EOS price line is following the path set by the Bitcoin price line. The cryptocurrency is set on a bearish path for the 26th of February.
EOS price stood at the $4.10 mark on the 25th of February, after which it came down towards the $3.90 level on the 26th of February, and fell below the $3.50 mark closer to the end of the day.
The trading view analyst TopMarketGainers is of the opinion that the cryptocurrency has entered a golden pocket and it will see a price reversal soon. However, as of now, the coin market is under a downtrend.
1-Day EOS Price Analysis (26th February)
The EOSUSD pair was observed fall to the $3.50 mark on the 26th of February where it continues to trade as of yet. At the time of writing, the BCHUSD trading pair has a standing value of $3.555 US Dollars.
The 20-Day Exponential Moving Average (EMA) closed the day at $3.560 mark, whereas the 50-Day Moving Average (MA) stood at the $3.558 level. The Relative Strength Index (RSI) was placed at 57.92.
EOS: Predictive Analysis
TopMarketGainers showed the golden pocket for the cryptocurrency on the chart posted below, thus highlighting the next price target for EOSUSD.
The crypto analyst is of the opinion that the trading pair is set to approach the $4.15 mark at a 0.382 Fib as its next price target. TopMarketGainers also suggested that the Relative Strength Index (RSI) is falling to approach a year’s low for 2020. If EOS loses support to sustain the current price levels, a downfall is indeed imminent.
Featured Image by Jimmy Ofisia.
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.