- EOS price has surged 16% in 24 hours, driven by the launch of the Vaulta Banking Advisory Council, which boosts institutional adoption.
- Technical indicators show strong bullish momentum, with EOS potentially reaching $1.05 despite extreme short positioning.
EOS has emerged as one of the top gainers in the crypto market, surging 16% in the past 24 hours. This rally has pushed its market capitalization beyond $1 billion for the first time since mid-February. But what’s behind this sudden bullish momentum?
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Vaulta Banking Sparks Investor Optimism
A key catalyst for the EOS price surge is the growing adoption of Vaulta Banking, a feature designed to bridge the gap between traditional finance (TradFi) and Web3. Introduced last month, Vaulta has been attracting attention from institutional investors as crypto integration into mainstream finance gains traction.
Adding to the excitement, the EOS Network recently unveiled the Vaulta Banking Advisory Council, composed of leaders from banking, fintech, and digital assets. This strategic move aims to enhance regulatory compliance and boost institutional adoption, which has significantly increased investor confidence.
Technical Indicators Signal Strong Bullish Momentum
From a technical perspective, EOS has broken out of a descending parallel channel, signaling a shift from bearish to bullish territory.
- The Relative Strength Index (RSI) has soared to 77, indicating strong buying
