EOS has seen a remarkable 26% increase in price over the last 24 hours, making it the top-performing cryptocurrency during that time. This surge follows the declaration of the EOS Network’s transition to Vaulta, marking a strategic pivot toward Web3 banking, which has captured the attention of investors.

On March 18, EOS Network revealed it is rebranding to Vaulta, with the official change scheduled for late May 2025. EOS token holders will be able to swap their tokens for Vaulta on a 1:1 ratio, marking the transition to Vaulta’s new identity. Vaulta’s focus on Web3 banking aims to provide a decentralized financial ecosystem, with plans to integrate exSat, a Bitcoin digital banking solution, and collaborate with entities like Ceffu, Spirit Blockchain, and Blockchain Insurance Inc. These developments are designed to enhance Vaulta’s financial services, including banking and insurance offerings.

Surge in Trading Volume and Open Interest

The price surge is supported by significant market demand, reflected in a substantial increase in EOS’s daily trading volume. At press time, trading volume has reached $466 million, a 631% increase within 24 hours. When a cryptocurrency experiences such a dramatic rise in both price and volume, it typically signals strong market interest, suggesting that this trend may continue.

In addition to the price movement, EOS’s open interest (OI) has also risen by 33%, reaching $113 million. Open interest refers to the total number of outstanding derivative contracts that haven’t been settled. An increase in OI signals growing confidence among traders, indicating that market sentiment is increasingly bullish, and there may be more gains ahead for EOS.

Key Price Levels to Watch for EOS

Currently, EOS is trading at $0.60, with the $0.56 level acting as an important support point. If EOS manages to maintain this support, it could push its price toward the next resistance level at $0.70, a price it reached in early February 2025. Holding above the $0.56 support level will be crucial in determining if the token can continue its upward movement.

However, if market sentiment shifts and investors begin to take profits, EOS could face a pullback. In such a scenario, the price might struggle to stay above the $0.56 support, potentially falling to the year-to-date low of $0.43. The strength of the $0.56 support will be critical for determining the token’s short-term future.

Outlook for Vaulta (EOS)

Vaulta’s rebrand has shifted the focus of the EOS Network toward Web3 banking, which could play a significant role in the evolving decentralized finance (DeFi) ecosystem. The collaboration with Bitcoin digital banking solutions and other financial service providers indicates that Vaulta has a clear roadmap for growth. If Vaulta can continue to build partnerships and maintain investor confidence, its future could be promising.

The price surge reflects positive market sentiment toward the project’s new direction, but for continued growth, Vaulta must demonstrate the ability to execute its plans and expand its presence in the Web3 banking space. If successful, the price of EOS may continue to rise, surpassing key resistance levels. However, any loss of confidence could lead to a pullback, and market participants will be closely monitoring the $0.56 support level to gauge the future of Vaulta.