EOS (EOS) Closes Prior Hour Down -0.91%; Breaks Below 100 Day Average, 2 Day Up Streak Broken

The Hourly View for EOS

Last Updated June 5, 2021, 02:046 GMT

Currently, EOS’s price is down $-0.06 (-0.91%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 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

The choppiness in the recent daily price action of EOS continues; to start today, it came in at a price of 6.02 US dollars, down 7.81% ($0.51) since the day prior. The change in price came along side change in volume that was up 5.76% from previous day, but down 80.18% from the Friday of last week. Out of the 7 instruments in the Top Cryptos asset class, EOS ended up ranking 6th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of EOS.


EOS Technical Analysis

Notably, EOS crossed below its 100 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 down over that time. For another vantage point, consider that EOS’s price has gone up 8 of the previous 14 trading days.