EOS Soars 20% as Vaulta Rebrand Looms—Traders Bet on Lipstick for the Pig
EOS bulls are charging ahead of the blockchain’s high-stakes rebrand to ’Vaulta’—because nothing fixes a struggling project like a fresh coat of marketing paint.
The 20% pump smells like classic crypto theater: a dead cat bounce dressed up as a comeback story. Watch the ’Vaulta’ reveal closely—if it’s just another buzzword buffet, those gains might vanish faster than a DeFi rug pull.
Meanwhile, Wall Street still can’t decide if crypto is the future or a Ponzi scheme. Today’s answer: Why not both?
EOS price analysis
Looking at the 4-hour EOS/USDT chart, EOS just broke out from the upper side of a multi-week ascending broadening wedge pattern, a bullish signal in technical analysis.
The Chaikin Money Flow has climbed to 0.16, showing stronger buying pressure. Meanwhile, the Aroon Up indicator is sitting at 85.7% and the Aroon Down is down at 35.71%, suggesting buyers are still in control.
With this setup, EOS could be gearing up to retake the $1 psychological resistance level, a price it failed to break through during its run back in mid-January. That’s about 20% higher from where it’s trading right now.
But market commentators are staying optimistic that the rally might go even further. Analyst CW thinks EOS could push up to $1.45 if it breaks through the next big sell wall sitting at $1.
Another trader set their sights even higher, predicting a move toward $2.10 after EOS broke out of a symmetrical triangle pattern on the daily chart. According to them, this breakout confirms a larger trend shift in technical analysis, opening the door for more upside.
At the time of writing, EOS was trading at around $0.833 per coin.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.