EOS (EOS) Price Near $6.50; Moves Up For the 2nd Consecutive Day

The Hourly View for EOS

Last Updated June 1, 2021, 03:017 GMT

At the time of this writing, EOS’s price is up $0.07 (1.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EOS Daily Price Recap

EOS came into today up 10.03% ($0.605) from the open of the previous day, marking the 2nd consecutive day an increase has occurred. The change in price came along side change in volume that was up 4.22% from previous day, but down 78.23% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, EOS ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of EOS.

EOS

EOS Technical Analysis

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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 30 days EOS’s price has gone up 15 them.