EOS (EOS) Price Near $2.53; Price Base in Formation Over Past 30 Days, Moves Down For the 6th Day In A Row

The Hourly View for EOS

Last Updated October 18, 2020, 01:037 GMT

At the moment, EOS’s price is up $0 (0.08%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EOS has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EOS Daily Price Recap

EOS is down 0.47% ($0.012) since the previous day, marking the 6th day in a row it has gone down. This move happened on lower volume, as yesterday’s volume was down 68.88% from the day before — and down 71.65% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, EOS ranked 5th 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

Coming into today EOS is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 30 day period 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 down 9 out of the past 14 days.