EOS (EOS) Closes Last Hour Up $0.02; in a Downtrend Over Past 14 Days

The Hourly View for EOS

Last Updated June 11, 2021, 20:17 GMT

At the moment, EOS’s price is up $0.02 (0.32%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 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

5.076 (USD) was the opening price of the day for EOS, resulting in the previous day being one in which price moved down 4.94% ($0.264) from the previous day. This move happened on lower volume, as yesterday’s volume was down 39.4% from the day before — and down 19.79% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, EOS ended up ranking 3rd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of EOS.

EOS

EOS Technical Analysis

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 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that EOS’s price has gone down 16 of the previous 30 trading days.