EOS, Now Vaulta, Roars Back with Bullish Signs!

Hang onto your hats, crypto fans! EOS, freshly rebranded to Vaulta, is showing no signs of slowing down. Just days after the big name change, the charts are lit up with bullish signals that you just can't ignore!

EOS, now rocking the ticker ‘A’ as Vaulta, blasted to an intraday high of $0.85 on the afternoon of May 16 in Asia. This surge snapped a 6-day downtrend that kicked off on May 10. From its April lows, EOS has shot up around 48%, pushing its market cap to a cool $1.27 billion at press time. Talk about a comeback!

What's fueling this wild rally? It's all about the action on the chain, baby! Over the past week, trading volume on EOS-based decentralized exchanges has been through the roof. These DEXs cranked through $102.49 million worth of tokens in just 7 days, pushing the 30-day total to a whopping $280 million. It's on fire!

And that's not all. The positive funding rate on perpetual futures has been shining green for 8 straight days. When longs are paying shorts, you know the bullish sentiment is real. Demand for long positions is sky-high!

Hold onto your seats, because World Liberty Financial (WLFI), a crypto fund linked to President Donald Trump, just dropped a cool $3 million on 3.64 million EOS tokens at an average of $0.824 each. That's right, WLFI's first dive into EOS is a massive vote of confidence in Vaulta's rebranding. They're all in!

This purchase is a big deal, folks. It's a clear sign that the big players are betting on Vaulta's future.

EOS Eyes $1 Breakout

On the technical side, things are looking just as hot. The 1-day EOS/USDT chart is screaming breakout from the upper range of a multi-week ascending broadening wedge. That's bullish, baby!

It's now poised to bust out of a descending broadening wedge, and if it does, watch out! EOS is trading above its 50-day moving average, and momentum indicators like the RSI are trending higher. It's all systems go!

Speaking of RSI, the Relative Strength Index is sitting pretty at 58. That means EOS still has plenty of room to run before it hits overbought levels.

If this rally keeps going and EOS smashes through the $0.8770 resistance again, last tested on April 3, it could be a straight shot to the next big target at $1.00. That's a key psychological level, and if the bullish momentum keeps up, it might even hit $1.50, the high from last December. Get ready for liftoff!

And get this: early signs of a cup-and-handle pattern are catching traders' eyes, hinting at a massive breakout on the horizon.

The next $EOS target will reach new all-time highs. That's the tweet!

Since the switch to Vaulta on May 14, the community's buzzing with hope. They see the rebrand as the long-awaited pivot toward real-world utility. It's a game-changer!

What is Vaulta?

So, what's the deal with Vaulta? It's all about reshaping blockchain-based banking, folks! Vaulta's bringing programmable smart contracts and on-chain settlement layers to help banks and fintech companies launch scalable, cross-border services without needing to be blockchain wizards.

The Vaulta team's got big dreams, comparing their ambitions to Stripe, but for the blockchain world. They want to make it easy for traditional financial firms to dive into the power of Web3. It's a bold move!

And they've got the backing to make it happen. Major exchanges like Binance, KuCoin, MEXC, and HTX are all in, pledging support for the rebranding and the 1:1 EOS-to-A token swap. It's a full-throttle push into the future!

Disclosure: This article isn't investment advice. It's just for your education and entertainment. So, enjoy the ride, but do your own research!