EOS has shot up 20% in the past 24 hours after the blockchain shot up to the third position on the list of top chains in terms of TVL growth.
EOS EOS $0.86 24h volatility: 2.7% Market cap: $1.31 B Vol. 24h: $547.49 M , an old blockchain protocol that has regained popularity this cycle, shot up nearly 20% in the last 24 hours, following the unveiling of the Vaulta Banking Advisory Council.
This announcement has ignited investor confidence, pushing EOS to $0.8147 – its highest level in two months. Alongside the price increase, the market capitalization of EOS has surpassed $1 billion, standing at $1.25 at the time of publication.
Moreover, EOS is also ranked third in the list of top blockchain networks by total value locked (TVL) growth with a 14% increase.
🔝 TOP PUBLIC CHAINS BY TVL GROWTH@hemi_xyz +297%@MorphL2 +24.6%@EOSNetworkFDN +14.0%@trondao +13.1%@ton_blockchain +10.2%@SeiNetwork +9.26%@SonicLabs +7.07%@SuiNetwork +5.67%@taikoxyz +5.25%@cronos_chain +4.32%$EOS $TRX $TON $SEI $S $SUI $TAIKO $CRO pic.twitter.com/ipNqK3w6eq
— Chain Broker 🇺🇦 (@chain_broker) April 1, 2025
Vaulta Banking Feature
The Vaulta Banking feature has been a key driver of this price action, which was introduced by the developers last month. Over the past seven days, EOS has gained almost 40%, highlighting growing investor interest in the ecosystem.
Introducing the Vaulta Banking Advisory Council 🏦
To bridge traditional finance and Web3, we’ve brought together seasoned leaders from banking, fintech, and digital assets.
Their strategic guidance ensures Vaulta stays compliant, credible, and ready for mass adoption.
Meet… pic.twitter.com/SiIlW6VJQR
— EOS Network (@EOSNetworkFDN) April 1, 2025
Vaulta is designed to bridge traditional banking with Web3, a move that could see significant institutional adoption, especially with financial giants like BlackRock exploring crypto integration.
In its latest statement, EOS emphasized that the Vaulta Banking Advisory Council includes experienced leaders from banking, fintech, and digital assets to ensure compliance and mainstream adoption.
The fourth pillar of Vaulta’s Web3 Banking Ecosystem is Portofolio Investment.
“One of the things we invested in and that we’re really proud to release is the world’s first digital assets captive insurance.” 📺⤵️ pic.twitter.com/p1m4xPDaX9
— EOS Network (@EOSNetworkFDN) April 2, 2025
Vaulta aims to bring Web3 to portfolio investment, enabling tokenization of real-world assets (RWAs) such as real estate and commodities. These strategic developments have propelled EOS upward despite an overall downturn in the broader crypto market.
Short Sellers Face Liquidation
At the time of writing, EOS is priced at approximately $0.80 with a significant 41.66% increase in the trading volume, suggesting an inflow of money in the digital asset.
Meanwhile, a look at funding rate data from CoinGlass suggests that many traders were caught off-guard by the price increase. EOS’s funding rate currently stands at -201%, signaling extreme short positioning.
This means that traders betting against EOS have been paying high fees to maintain their positions, reflecting expectations of a price drop. However, many of these short positions are now being liquidated, adding to buying pressure.
EOS Price Analysis
EOS has successfully broken out of a descending triangle pattern on the daily chart, a strong bullish signal. Analysts predict that if the momentum sustains, EOS could rally toward $1.40 in the coming weeks.
$EOS/USDT has successfully broken out of the descending triangle on the daily timeframe💥
This bullish breakout signal suggests potential for significant upward movement🚀
With continued momentum, price could advance towards $1.40 in the coming weeks📈#Crypto #EOS #EOSUSDT pic.twitter.com/5D5Ke7YX0b
— Pro Crypto Signals (@Pr1meCrypto) April 1, 2025
The descending triangle seen in the chart in the tweet shows that it is highly likely that EOS will retest the resistance zone above the $1.35 price level and a decisive breakout above that zone could result in further gains for the altcoin.
The Relative Strength Index (RSI) currently sits at 79.07, indicating overbought conditions. While this suggests a potential pullback in the short term, sustained buying pressure could keep the rally going.
Source: TradingView
The Bollinger Bands indicator also highlights strong volatility, with EOS breaking above the upper band ($0.7214) resistance level, often a sign of an overextended move.
For now, EOS faces immediate resistance at $0.85, with a successful break above this level opening the door to $1. On the downside, support is seen around $0.65, with a drop below this level potentially signaling a retracement.
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