Why is EOS Pumping?:
Today’s EOS rally is driven by three main catalysts.
First, the forthcoming Vaulta rebranding: EOS will rebrand to Vaulta, a bank on the blockchain, by May 2025, supporting exSat and a new ticker.
Second, anticipated high-yield staking: the expected yield for staking the Vaulta token is 17%, which is a much better yield than Ethereum (2.03%) or Solana (5.14%). Vaulta will have a 250M token reward pool, as well.
Third, increased anticipation of the futures market: EOS’s futures open interest is up 30%, with an 11-month open interest high of 144.14 million! The funding rate is positive, demonstrating trader anticipation.
EOS Breaks Out Above Key Resistance – Is $1.00 the Next Target?
EOS has clearly surpassed the 50-day EMA at $0.60, suggesting a strong change of market sentiment from bearish to bullish in EOS.
A successful close of a daily candle above this level confirms a potential trend reversal and the subsequent upward price movement.
In the last 24 hours alone, EOS has jumped up 19.35% to $0.8002 with a notable increase in volume to $581.26 million (+40.11%).
EOS is now clearly above the middle Bollinger Band at $0.725 and is currently testing the upper band at $0.790. A daily close above $0.790 could push price action towards the price levels of $0.85 and $0.90; however, if the price gets rejected at this level, expect a retest of the price level at $0.725.
A +2 Keltner Channel Long Entry signal is triggered at $0.750, so expect consistently strong bullish momentum. The upper Keltner band at $0.805 is the next clear leg level—if a break occurs, then EOS could see price action towards $0.88-$0.90.
We see there is resistance at the $0.805 level, and if we can break this level, EOS appears to be pushing towards $0.88 and in the future $1.00. If price breaks the $0.725 level of support, then expect price to touch the level of $0.680. $EOS