EOS (EOS) Price Near $3.09; Makes Big Move Relative to Two Week Trend, Price Base in Formation Over Past 14 and 90 Days, Heads Up For the 3rd Straight Day

The Hourly View for EOS

Last Updated February 1, 2021, 02:017 GMT

At the time of this writing, EOS’s price is up $0.05 (1.55%) from the hour prior. EOS has seen its price go up 5 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 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

EOS Daily Price Recap

EOS came into today up 7.55% ($0.206) from the open of yesterday, marking the 3rd straight day it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 45.89% from the day prior, and up 146.76% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of EOS.

EOS

EOS Technical Analysis

Moving average crossovers are always interesting, so let’s start there: EOS crossed above its 50, 100 and 200 day moving averages 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. Price action traders in particular will want to note that the 14 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 7 out of the past 14 days.