- EOS collected more than 20%, powered by Rebranding to Vaulta, high -founding yields and bullish derivatives
- Social dominance enriched but then cooled down; EOS price is still steadily with strong purchasing pressure
EOS [EOS] Makes waves on the market, collects more than 20% and lets traders buzz about his transformation in Kluis.
With expanding yields ready to surpass Ethereum[ETH] and Solana[SOL] And derivaten traders who are big on more upside down, Eos throws up his stagnating past and steps into the spotlight. But is the hype sustainable, or will taking a profit give a lid to the profit?
Catalysts behind the increase in EOS
The recent EOS -Crypto Rally can be reduced to three important factors. Firstly, the Buzz attracts the attention of investors around the approaching rebranding from EOS to Vaulta.
Vaulta is planned to launch at the end of May 2025 and wants to transform EOS into a blockchain-driven bank hub, complete with a new ticker and continuous integration with Exsat, the Bitcoin Banking Solutions.
Secondly, the introduction of a expansion yield of approximately 17% for the new Vaulta token is considerably higher than the 2.03% of Ethereum and the 5.14% of Solana, supported by a reward pool of approximately 250 million tokens.
Source: Coinglass
Finally, Derivatives traders show a growing confidence in EOS. According to Data from Coinglass, Open Interest (OI) in EOS Futures has seen a strong increase, with a recent high point of approximately $ 170 million.
This represents a considerable jump of the level of $ 90 million that was registered only a few weeks ago, indicating a strong bullish sentiment.
Moreover, the data emphasizes the price of EOS in addition to the increase in OI, suggesting that traders position themselves for further profits, driven by the continuous rebranding and attractive incentives.
The crowd is acquainted
The social dominance of EOS has also seen a remarkable increase after the increase in the activity of derivatives. Santiment data reveals that the metric rose to almost 2.8% when the price of EOS climbed over $ 0.80 and reached the highest level in months.
This increase in social activity underlines the growing coordination between retail and institutional importance, driven by anticipation on the coming Rebranda of Vaulta.
Source: Santiment
Since then, however, social dominance has cooled to around 0.35%, which suggests that although the first buzz was intense, it can decrease.
Nevertheless, the price remains resilient and hinted that the momentum of the rally could continue to exist if the social sentiment recording again.
EOS Price Outlook
Source: TradingView
EOS experienced a strong bullish breakout, with prices that increase more than 20% to $ 0.82 at the time of writing.
The daily RSI was 79.12, overboughteconditions signaled and suggested the possibility of consolidation or a small withdrawal. However, the OBV at 46.99m reflected a substantial purchasing pressure, indicating that the rally can still be in force.
A short-term dip up to $ 0.75 could occur if traders take a profit, but persistent volume accumulation can push the EOS higher, which may be aimed at the level of $ 0.90.
If the rally loses steam, the support level of $ 0.68 could act as a pillow before the next upward movement.
