📈 $EOS Surges 10.87% as Rebranding Timeline Fuels Momentum

In the blockchain space, EOS, a cryptocurrency designed for building and hosting decentralized applications (dApps), has recorded a notable price uptick in the last 24 hours. According to market data, the digital asset opened during the Asian trading session at a price value of $0.6901, recording a rally that has accounted for 10.87%.

🔸 #EOS Approaches Key Resistance as Price Rises With Rebranding Timeline

According to an analysis prepared by CW, EOS is showing steady upward movement in line with the ongoing rebranding schedule. Market activity indicates continued momentum toward a near-term resistance level.

The price is currently approaching the $1 mark, where a major sell-wall is located. Market data reveals that EOS will likely reach the $1 level without immediate selling pressure slowing progress, representing a liquidity zone.

If the price maintains strength, there is potential to continue beyond this point. If EOS breaks through the current sell wall, the next resistance is visible near the $1.5 range. Momentum beyond this could drive the token toward a final barrier around $1.8.

🔸 What Do MACD and RSI Indicators Hint: Bullish Extension or Bearish Takeover?

A deeper technical analysis using MACD and RSI indicators notes that the RSI stands at 62.78; yet, it is still below the overbought threshold of 70, which demonstrates rising purchase interest despite not reaching a point of exhaustion. The 14-day average RSI stands at 54.15, below the current RSI index of 62.78, which establishes a bullish divergence.

Meanwhile, the Moving Average Convergence Divergence (MACD) line is at 0.0184, crossing above the signal line at 0.0123. This positive crossover suggests growing upward momentum. Additionally, the histogram bars have turned green, reinforcing the bullish trend.

EOS recently bounced from the $0.60 level and is now eyeing the psychological resistance near $1. If upward pressure continues, a breakout beyond $1 could open room toward $1.50.