EOS is trending as one of the top-gaining altcoins today, with its price up 27% in the past 24 hours. According to CoinMarketCap, EOS (EOS) leads the top 100 cryptocurrencies by market cap, ahead of Raydium (RAY) and Maker (MKR). Raydium price has surged by more than 13% while MKR was up 11% at the time of writing. For EOS, the gains see bulls break out of a falling wedge pattern. Surging to intraday highs of $0.65 meant bulls made significant strides that pushed EOS price more than 60% off its all-time lows seen in early November 2024. Breaking above $0.65 also signaled the potential for further upside as the community reacts to positive network-related developments. However, with the market largely bearish amid multiple downward catalysts, can EOS hold onto the impressive gains? Vaulta rebrand news sparks EOS price surge The EOS token had traded lower since hitting resistance near $0.64 on March 3, 2025. However, after rebounding from $0.43 on March 11, it struggled for any momentum until the news of EOS Network rebranding on March 18. The EOS Foundation announced that EOS Network was rebranding as Vaulta, with this part of the roadmap focused toward web3 banking. According to the team, EOS Network’s transition, expected to go live in May 2025, will include a token swap for EOS holders. EOS has also established a banking advisory council, whose primary goal will be to help Vaulta’s vision as it looks to bridge decentralized finance and traditional finance. Bridging DeFi and TradFi is key to advancing financial inclusion and integration, EOS said in a press release. Vaulta will focus on bringing real value to users, with key areas targeted for institutions and consumers including wealth management, consumer payments, portfolio investment, and insurance. “With near-instant settlement, on-chain identity management, and a Bitcoin gateway via exSatNetwork, we’re empowering global access to the future of finance,” EOS Network posted on X. EOS Network @EOSNetworkFDN · Follow Vaulta is a Web3 Banking network that aims to bridge the gap between traditional banking and descentralizad digital assetsVaulta focuses on four core pillars that bring real value to institutions and consumers:1️⃣ Wealth Management2️⃣ Consumer Payments3️⃣ Portfolio Investment… Watch on Twitter View replies 12:15 pm · 19 Mar 2025 45 Reply Copy link Read 7 replies EOS token’s price began to rise amid this Vaulta news, sharply breaking higher as most altcoins recorded minor gains. EOS price outlook: Is $1 next? The price of EOS last hovered above $1 on January 17, 2025. Earlier, its local top was $1.37 reached on December 7, 2024. But as Bitcoin pared gains from its all-time high above $109K, and altcoins bled, EOS price hit the downtrend. Notably, bulls held above $0.40 as a falling wedge pattern formed. EOS chart by TradingView What has happened in the past 24 hours is that the EOS price has broken above the resistance line of the wedge. This reinforces a short-term bullish scenario that could see buyers attempt to go for the psychological $1 mark. The relative strength index and moving average convergence divergence indicators suggest buyers have an upper hand. Holding $0.72 and breaking above $0.83 could offer bulls the momentum to retest $1. On the flip side, if sellers strengthen amid profit-taking, EOS might have to rely on the demand one near $0.45. The post EOS price surges 27% to lead gainers – but can bulls hold onto gains? appeared first on Invezz
