EOS price returns to the $2.2 level: what’s next?

The EOS price line rose across the $2.380 level on the price chart for the 24th of March. The cryptocurrency traded within a day’s range of $ — $

1-Day EOS Price Analysis (24th March)

EOS Price Chart

EOS Price Chart by TradingView

The cryptocurrency stood at the $2.300 level at the beginning of the 24th of March. The coin showed ruffled price movements between the $2.280 and $2.340 levels in the first quarter of the day, after which the price line exhibited noise on the 1-Day price chart for the rest of the day.

The coin reached a day’s high of $2.381 US Dollars before midday on the 24th of March, and it saw to the day’s closure with a trading price of $2.333 US Dollars. After another price recovery that was marked towards the $2.380 level, the price line abruptly fell towards the $2.260 level near midday on the 25th of March. At the time of writing, the cryptocurrency trades at $2.265 US Dollars.

EOS: technical indicators

EOS Featured Price Chart

EOS Price Chart by TradingView

The Relative Strength Index (RSI) stayed between its normal range (30.00 — 70.00) on the 24th of March, thus showing no oversold or overbought instances for the coin on this day. However, on the 25th of March, the RSI was observed at a low of 13.59 just before midday. This means that the coin was oversold at this instance of the day.

On the 24th of March, the 20-Day Exponential Moving Average (EMA) closed at $2.349, while at the same time, the 50-Day Moving Average (MA) was observed at the $2.355 mark. At the time of writing, the 20EMA stands at $2.278, while the 50MA stands at $2.269.

Featured Image by Ahmad Ardity.

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.


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Source: https://www.cryptopolitan.com/eos-price-returns-to-the-2-2-level/