EOS (EOS) Price Near $2.78; Price Base in Formation Over Past 14 and 30 Days, Crosses 200 Day Moving Average, Heads Up For the 2nd Day In A Row

The Hourly View for EOS

Last Updated January 15, 2021, 03:017 GMT

At the time of this writing, EOS’s price is down $-0.04 (-1.28%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. 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 1.44% ($0.04) from the open of the day prior, marking the 2nd day in a row an increase has occurred. The change in price came along side change in volume that was up 0.08% from previous day, but down 55.24% from the Thursday of last week. Out of the 7 instruments in the Top Cryptos asset class, EOS ended up ranking 5th for the day in terms of price change relative to the day prior. Below is a daily price chart of EOS.

EOS

EOS Technical Analysis

First things first: EOS crossed above its 200 day moving average yesterday. Price action traders in particular will want to note that the 14 and 30 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days EOS’s price has gone down 16 them.