EOS price remains relatively calmer while trading near the $3.550 mark for most of January 25. Earlier into the day, the cryptocurrency fell from above the $3.600 mark to the $3.550 level. The cryptocurrency also fell towards the $3.400 level just before the day concluded.
1-Day EOS Price Analysis (January 25)
According to the 1-Day EOS price chart for the EOS/USD trading pair, the cryptocurrency had entered January 25 with a trading price of $3.624 US Dollars. The price line saw bears after 10 minutes into the day and the coin stooped towards the $3.550 mark. Looking at the chart above, the cryptocurrency managed to stay over and below the $3.550 mark through most of the 1-Day price analysis, with an exception to a price drop at 01:37 GMT and a price jump at 08:19 GMT. Both of the price movements were not long-lasting and the price line only managed to move the adjacent price levels in both cases ($3.500 and $3.600).
Before the day came to an end, the EOS/USD trading pair stepped forth on a decline towards the $3.400 mark by 23:37 GMT. The cryptocurrency closed the day with a trading value of $3.424 US Dollars.
Moving Average Convergence Divergence (MACD)
In the full-feature chart posted above, the 50-Day and 200-Day Moving Averages (MA) have been depicted for the EOSBTC trading pair. The chart featured the technical indicators drawn for November 2018 till January 2020. The Death cross was seen on 19 June 2019, after which the 200-Day Moving Average crossed over the 50-Day Moving Average.
The Golden cross occurred on 25 January 2020, where the 50-Day MA crossed back above the 200-Day MA. The 50-Day MA closes this timeline at 0.0003744 BTC, while the 200-Day MA closed at 0.0003729 BTC.
Featured Image by Adam Chang.