EOS price lies above $5.30

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 price chart by Trading View

EOS Price Chart by TradingView

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.

EOS Featured Price Chart

EOS Price Chart by TradingView

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.

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