EOS price analysis: EOS/USD continues to rise past $5 as bulls consolidate

TL;DR Breakdown The EOS price analysis shows bullish sentimentsEOS is fluctuating between $4.8549 and $5.0717 in the last 24 hours.RSI and MACD analysis on the 1-Day and 4-Hour graph suggest that the price will increase further.EOS may not be able to reach the previous high of $6.2528.Good time to make any short-term investments for quick profits. Just like yesterday, EOS Price analysis today is bullish as the market continues to improve after a big dip on the 7th of September. Projections for the next few hours seem good as the market is expected to improve further. Though, based on the trends, it is not likely to retrace to the last high of $6.2528 soon. Cryptocurrency heat map by Coin360 Overall, bullish sentiment is apparent in the crypto market today, as Bitcoin has marked over a 3 percent increase. Furthermore, Ethereum’s increase is over 4 percent. All altcoins are also following the same suit and riding along the current bull run. EOS Price Chart by TradingView As shown by the 1-Day EOS price analysis chart above, the coin is currently trading at $5.0717 while its closing price yesterday was $4.8549. This marks a good change, and the trend is continuing to grow as the RSI shows a steep increase in the curve. Furthermore, the RSI levels are currently at 50.73, which suggests that the market is very slightly overbought. However, the positive gradient shows further growth potential. On the other hand, the red histograms...