EOS Token Declines 10% Amid Sell-Offs – Why THIS Support is Crucial!

EOS Token Plummets 10% in Sharp Selloff as $0.3 Resistance Proves Too Strong

The EOS Network's recent move toward Web3 banking is under scrutiny as it faces significant long-term price challenges. Despite its rebranding to Vaulta, the token's value is struggling, particularly against Bitcoin. Investors are cautious as market dynamics unfold, with strong resistance levels influencing trading activity.

Key Takeaways

The EOS Network is attempting to innovate within Web3 banking, merging decentralized and traditional finance.
Despite rebranding efforts, the long-term price trend is still downward, with Vaulta losing traction against Bitcoin.
Currently, the EOS token (now Vaulta) has dropped 9.4% over the last three days, correlating with a recent Bitcoin correction from its $116.1k resistance point.
While Bitcoin has decreased by 5%, EOS has experienced a steeper decline.
The recent rebranding to Vaulta in March 2025 involved a token swap process amidst delistings from certain exchanges, but the tokenomics remain unchanged.

Price Trajectory of Rebranded EOS Token

A 1-day Chart

The newly rebranded EOS Network token, now known as Vaulta, has not been able to alter its downward trajectory. The daily Moving Averages clearly highlight a consistent bearish trend, even post-rebranding.

Trading volumes surged above the 20-day average during a market decline earlier this month, revealing that sellers are still dominating. The On-Balance Volume (OBV) indicates this trend by posting another lower low.

Fibonacci extension levels suggest that if the price drops below the support at $0.258, future targets for the EOS token, now Vaulta, would be $0.219 and $0.155.

A Coinalyze

In the near term, market sentiment remains pessimistic. The long/short trading ratio has been below 1 for the last ten days, signaling that more traders are betting against the market compared to those taking a bullish stance. Although the Funding Rate is positive, it has diminished in recent hours.

Increased short positions do not necessarily pressure the Funding Rate downward since its calculation relies on the disparity between perpetual and spot prices. Despite this, a rise in the spot cumulative volume delta (CVD) in the last 24 hours hints at a small glimmer of hope for Vaulta.

However, this hopeful moment may be fleeting, as the $0.3 threshold continues to act as a significant resistance point. Notably, during yesterday's price dip from $0.29 to $0.2745, Open Interest saw an uptick, indicating a surge in short-selling, which explains the drop in the Funding Rate.

Disclaimer: The information provided here does not constitute financial, investment, trading, or any other form of advice and solely reflects the writer’s viewpoint.