The EOS price line falls to a slightly bearish momentum on the 13th of February. A trading view analyst RSibayan is of the opinion that the cryptocurrency may potentially show a 20% – 23% upward price action. Currently, the cryptocurrency stands above the $5.30 mark, whereas the expected increase in the coin’s price will amount to a net trading value between $6.3 – $6.5.
1-Day EOS Price Analysis
EOS shows upward price movements, after which the price line dropped below the $5.250 mark. The cryptocurrency scored the day’s high of $5.509 US Dollars. The trading pair remained below the $5.250 mark, after which it regained the bullish momentum to reach $5.432 US Dollars.
The coin gradually fell to the $5.250 mark again and traded near the price level until the price rose across the $5.30 mark. At the time of writing the price is hovering at $5.39 mark.
EOS: Predictive Analysis
RSibayan believes that the coin will show a further increase in price towards March 2020. According to the prediction, the price is set to increase by 20% – 23% to reach across the $6.0 mark by the first week of March.
The price increase will continue to happen until the coin reaches the Golden Fibonacci Retracement/Pocket between the $6.3 and $6.5 marks on the price chart. However, if it fails to pump, then this price correction will cause EOS to take a fall towards the $3.3 and $3.4 marks.
Featured Image by Jason Blackeye.
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.