TLDR
- EOS experienced a nearly 20% jump, hitting a peak not seen in two months at $0.802.
- With new developments like the Vaulta Banking feature and the establishment of an Advisory Council, investor confidence is on the upswing.
- Market metrics reveal social media chatter about EOS rose to 0.31%, reflecting increasing attention.
- After breaking free from a downward channel, EOS benefits from bullish technical signals.
The cryptocurrency that's the backbone of the EOS network skyrocketed nearly 20% in the past day. Its price touched $0.802, marking its highest in two months and elevating its market valuation above the $1 billion threshold.
This uptick in price is linked to exciting progress within the EOS space, particularly the fresh updates in the Vaulta Banking sector introduced recently.
The latest addition to the EOS Network is the Vaulta Banking Advisory Council. Their statement reads: 'To unite traditional finance with Web3, we've curated a board of experienced minds from banking, fintech, and digital assets.' Their insights are key to Vaulta achieving compliance and reaching mass-market levels.
Vaulta's goal is to intertwine conventional banking with emerging Web3 technologies, catching the eye of traditional financial bodies like BlackRock who are venturing into crypto.
Proclaimed by the EOS team, Vaulta is set to revolutionize portfolio investments—ranging from real estate to commodities—by using Real World Asset tokenization.
Technical Analysis Highlights Strong Uptrend Potential
From a standpoint of chart patterns, EOS exited a descending channel that had its pricing hemmed in for quite some time. This breakout indicates a potential shift from bearish trends to bullish momentum.
The Relative Strength Index (RSI) now reads 77 for EOS, reflecting a surge in buying interest. Although this levels it as overbought, which might cause a temporary pullback, the rising Average Directional Index (ADX) suggests strengthening in bullish momentum.
On observing the daily charts, EOS is above the 20-day Exponential Moving Average, signaling a bullish trajectory. Since March 18, the Bull Bear Power has been on the rise, hinting at a tough time for bears in overpowering the bulls.
A golden cross emerged for the token on March 25, with its 50-day moving average overtaking the 200-day Simple Moving Average. This crossing often predicts potential long-term upward trends.
Rebranding and Future Outlook
One of the catalysts for EOS's recent upward movement is its rebranding plan to Vaulta, set to launch by the final edition of May 2025. During this phase, EOS will transition into Vaulta, with a novel ticker anticipated shortly.
This strategic shift aligns with a new focus on blockchain-based banking solutions. All of what made EOS a powerhouse remains intact in the Vaulta token, complemented by frameworks like exSat for Bitcoin banking.
What makes the anticipated Vaulta token appealing is its staking yield proposition at roughly 17%, powered by a rewards pool of about 250 million tokens, far exceeding those of Ethereum (2.03%) and Solana (5.14%).
$Eos #Eos Looks Like EOS Preparing for Another Strong Bull Rally. Testing Numerous Trendlines; a Successful Breakout Could Propel It Towards $1. pic.twitter.com/f19g1H0Mjs
— World Of Charts (@WorldOfCharts1) March 30, 2025
Interest in EOS is noticeably on the rise as reflected by social media analysis. Data from Santiment reveals EOS's social dominance has increased to 0.31%, signaling more market attention.
In the derivatives sector, there's been a 30% increase in open interest for EOS futures, reaching an 11-month pinnacle of $144.14 million. The shift to a positive funding rate suggests more traders are optimistic about EOS's future gains.
Importantly, even as the broader crypto market sees a decline, these positive developments around Vaulta and robust technical signals have allowed EOS to stand apart and manifest strong progress.
Crypto analysts have started to closely monitor EOS's trajectory, with some eyeing the $1 mark as the next significant milestone. This point is both a formidable psychological benchmark and a technical target the coin hasn't attained since December last year.
