EOS price finds support above $2.28: what’s next?
The EOS price line moved towards the $2.380 level on the 25th of March, after which it retreated towards the $2.280 level. The coin traded in the upper range of $2.300 to $2.380 for the first half of the day and then it followed trade in the $2.240 to $2.300 trading range for the rest of the day.
readCrypto is a TradingView analyst who believes that the EOSUSD pair needs to be supported by an uptrend line to see an incline.
1-Day EOS Price Analysis (25th March)
The cryptocurrency began the day’s trade with a trading value of $2.333 US Dollars. It saw the day’s high of $2.377 US Dollars after the bullish momentum concluded at 09:20 GMT. The cryptocurrency immediately fell below the $2.260 mark and reached a day’s low of $2.242 US Dollars before midday on the 25th of March. At the time of closure, the coin traded at $2.325 US Dollars.
For the 25th of March, the Relative Strength Index (RSI) has stayed in between the levels 30.00 and 70.00 since the last technical analysis for the coin. Hence, it showed now overbought or oversold instances for the coin. The RSI closed at the 72.03 mark on the 25th of March.
EOS: supported at $2.2851
readCrypto is of the opinion that all of the coins are at attractive prices while EOS is supported at the $2.2851 mark on the 25th of March.
The crypto analyst suggested that the cryptocurrency needs to attain the uptrend line (marked as 1) as its support so that it can rise across the $2.5258 level, followed by the $2.6883 mark.
Featured Image by Gerd Altmann.
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.