EOS rallies over 20% ahead of official Vaulta rebranding

EOS joined up to 22% today, before its official rebranding in Vaulta, with several bullish signals appearing on its graphics.

EOS (Eos) increased for the second consecutive day, reaching an intra -day summit of $ 0.84 on May 8, while its market capitalization crossed $ 1.2 billion at the time of writing this document. The increase came next to a massive increase of 285% of the negotiation volume, with nearly $ 500 million from EOS negotiated in 24 hours.

There are three main catalysts that today lead EOS Crypto gains.

First of all, a lot of media threw is built in the next Readrand to Vaultawho is officially set To perform on May 14, within a week. The project pivots to banking solutions fueled by blockchain, in the hope of filling traditional finances with decentralized tools.

As part of this quarter of work, the EOS token will be exchanged 1: 1 for the new Vaulta token, Ticker “A”, according to the details shared yesterday. The new token will inherit from all existing EOS technologies, including its integration with exsat, the Bitcoin banking gateway from Vaulta, and can be exchanged using the Swap Vaulta portal or the exchanges of supported cryptography.

“Vaulta is not a fork or reset. It is the EOS network – considered explain in a recent update.

Another large driver is the introduction of attractive cleansing awards. The Vaulta token will offer a According to the yield of around 17%Funded by a 250 million tokens award pool. It is significantly higher than the yields offered by larger blockchains such as Ethereum (Ethn), which provides approximately 2.7%, or Solana (GROUND), which offers around 5.4%, making it a more attractive option for those looking for a passive income.

Finally, merchants on the derivative market accumulate. Data According to Coiinglass, the emissions open in term contracts on EOS increased by 45% in the last day, now exceeding $ 188 million. Meanwhile, the long / short ratio on the binance is greater than 1, indicating that more traders bet that EOs will continue to climb in the short term.

EOS Price Analysis

Looking at the 4 -hour EOS / USDT graphic, EOS has just burst on the upper side of a widening corner model of several weeks, a bull signal in technical analysis.

Chaikin’s monetary flow has climbed to 0.16, showing higher purchase pressure. Meanwhile, the Aroon Up indicator is seated at 85.7% and the Lower Hit is down to 35.71%, which suggests that buyers still control.

With this configuration, EOS could prepare to resume the level of psychological resistance at $ 1, a price that he failed to cross during his race in mid-January. This is about 20% higher from where it is negotiated at the moment.

But market commentators remain optimistic that the rally could go even further. CW analyst thought The EOS could push up to $ 1.45 if it crosses the next large sale wall seated at $ 1.

Another merchant set their goal even higher, forecast A movement around $ 2.10 after the EOS broke out with a symmetrical triangle pattern on the daily graphic. According to them, this escape confirms a more important change in trend in technical analysis, opening the door to more increase.

At the time of writing this document, EOS was negotiated at around $ 0.833 per room.