EOS Price Surges 20% Following Vaulta Banking Council Announcement
EOS has experienced a nearly 20% price increase in the last 24 hours, reaching $0.8147 and surpassing a market capitalization of $1 billion.
The rise follows the announcement of the Vaulta Banking Advisory Council, which aims to bridge traditional finance with Web3. Key points include:
- EOS ranked third in total value locked (TVL) growth with a 14% increase.
- Over the past week, EOS gained almost 40%, indicating rising investor interest.
- Short sellers are facing liquidations as EOS's funding rate is -201%, suggesting high fees for maintaining short positions.
Analysts note that EOS has broken out of a descending triangle pattern, with potential upward momentum toward $1.40 in the coming weeks. Immediate resistance is at $0.85, while support is around $0.65.
Source: TradingView