Yigit Taha OZTURK 
One of the notable developments in the crypto market recently was EOS’ rebranding as Vaulta, with a new focus on Web3 banking. This strategic move sparked significant price volatility for the token.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
After gaining support from the bullish FVG zone, EOS surpassed the $0.505 resistance level and climbed as high as $0.573. However, it failed to secure a daily close above this level. Today, EOS made an attempt to break through the $0.653 resistance, but after facing selling pressure, it has retraced to around $0.58.
Key Levels:
- The $0.573 support is currently critical. If EOS fails to close above this level on the daily timeframe, a pullback toward $0.505 could occur.
- Conversely, holding above $0.573 may pave the way for a renewed push toward the $0.653 resistance.
- If the $0.653 barrier is broken, the next target would be $0.70.
Vaulta’s shift to Web3 banking brings a fresh narrative and renewed interest in the project. However, technically, the price is at a pivotal point, and traders should keep a close eye on the $0.573 and $0.653 levels for further direction.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.