EOS (EOS) Closes Last Hour Down $0.00; Moves Down For the 2nd Consecutive Day

The Hourly View for EOS

Last Updated June 7, 2021, 02:017 GMT

At the moment, EOS’s price is down $0 (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 200 hour changed directions on EOS; it is now pointing down. 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 4.02% ($0.242) since the previous day, marking the 2nd consecutive day a decline has happened. This move happened on lower volume, as yesterday’s volume was down 38.56% from the day before — and down 82.53% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, EOS ended up ranking 6th for the day in terms of price change relative to the previous day. The daily price chart of EOS below illustrates.


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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that EOS’s price has gone down 16 of the previous 30 trading days.