EOS Rallies Over 18% After Breaking Key Resistance – Can It Sustain Momentum?

The EOS network, a layer -1 blockchain, which uses the open -source antelope protocol, has seen an increase in the price of 18% in the last 24 hours, to enable rapid and experience transactions.

According For coinmarketcap data, climbing at the bottom of $ EOS $ 0.6071 to climb the Intrade high of $ 0.8345 before retreating slightly back by $ 0.8505 at the press time.

This development increased its monthly profit by 33%, increasing the market cap of EOS to more than $ 1 billion.

The price jump trading was with an increase of 42% in the volume, which reflects the increasing investor interest.

Walta Rebrands and Institutional Interest Fuel EOS Price Growth

A potential driver behind the EOS rally is a promotion around it. Valta to upcoming rebrandsTo be implemented by May 2025.

An announcement of the March 1 revealed that the ribrand may unlock the “immense potential” of bitcoin (BTC) and other digital assets, which may be integrated with direct exsat, a bitcoin-powered digital banking solution.

Finance is developing. Obstacles are breaking. A new standard is emerging.

Introduction to Walta – Reducing traditional banking with the power of web 3. Safe. Scalable. Unstoppable.

Secure your future. the future is now. pic.twitter.com/f81801qpqf

– EOS Network (@EOSNETWORKFDN) March 18, 2025

However, Walta’s “bankingose” bitcoin has been deployed to build the foundation of a new Defense Ecosystem.

Additionally, the new Walta tokens are expected to offer an attractive 17% stacking yield, which is crossing the major Defee contestants and attracts attention from the produce-manipulating investors.

This technical roadmap is built on an established blockchain Foundation. Since the launch of institutional interest 2018 in $ EOS, exists as an Ethereum contestant, breaking a record of $ 4 billion in its early coin offer (ICO).

In 2023, EOS Safe regulatory approval in JapanTo make the token capable of doing business against Japanese yen on platforms such as Bitred.

However, not all events are favorable. In June 2023, Titu (USDT) stopped support for EOS, which cited its failure to meet the developed needs of the ecosystem.

Technical Analysis -Can EOS continue to uptrend?

Historically, the $ EOS 2018 rose to an all -time high of $ 22.89 during the bull run, but later reduced to a cycle of $ 0.4015 in November 2024.

Since then, the token has been consolidating within a range before recently broke above major resistance levels.

On the weekly chart, $ EOS has increased the 55-day exponential moving average (EMA), indicating a change for a rapid tendency from a recession.

The breakout occurred in the range of $ 0.65- $ 0.68, which is a major resistance area in previous market cycles.

Now trading above $ 0.8046, $ EOS $ 1.00- $ 1.20 is looking at the next major resistance.

If the price is above $ 0.80- $ 0.85, there may be a possibility of further reversal.

However, aligning with EMA ribbon with an rejection, $ 0.67- $ 0.70 can be retached.

The derivative market also appears optimistic about the possibilities of $ EOS.

Inclusive data $ EOS reveals an increase of 56% in open interest for futures, reaching 11 months high $ 225.61 million.

Additionally, the funding rate has moved positively, which increases the faster emotion among futures traders.

Possible improvement and purchase opportunity

Despite the speed of fast, investors should be cautious.

If $ EOS fails to keep above major support levels, a retracement for $ 0.55 may offer a possible purchase opportunity.

This level coincides with the upper trendline of the descending channel, which provides a favorable risk-ins entry for long-term investors.

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