EOS (EOS) Closes Last Hour Up $0.03; Breaks Below 50 Day Average

The Hourly View for EOS

Last Updated March 2, 2021, 00:017 GMT

Currently, EOS’s price is up $0.03 (0.84%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EOS has now gone up 5 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Of note is that the 50 hour changed directions on EOS; it is now pointing up. 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

3.482 (USD) was the opening price of the day for EOS, resulting in yesterday being one in which price moved down 5.3% ($0.195) from yesterday. The price move occurred on volume that was up 26.26% from the day prior, but down 33.22% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 6th since yesterday in terms of percentage price change. Below is a daily price chart of EOS.

EOS

EOS Technical Analysis

Notably, EOS crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that EOS’s price has gone down 6 of the previous 10 trading days.