EOS (EOS) Price Near $3.92; Makes Big Move Relative to Two Week Trend, Breaks Below 20 Day Average, Moves Down For the 2nd Straight Day

The Hourly View for EOS

Last Updated February 25, 2021, 00:018 GMT

At the moment, EOS’s price is up $0.02 (0.62%) from the hour prior. EOS has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EOS Daily Price Recap

EOS closed yesterday down 17.83% ($0.836); this denotes the 2nd straight day a decline has happened. As for how volume fared, yesterday’s volume was up 30.33% from the previous day (Tuesday), and up 112.65% from Wednesday of the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 6th since yesterday in terms of percentage price change. Here is a daily price chart of EOS.

EOS

EOS Technical Analysis

First things first: EOS crossed below its 20 day moving average yesterday. Volatility for EOS has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 10 days EOS’s price has gone down 7 them.