EOS [EOS] is making waves in the market, rallying over 20% and leaving traders buzzing about its transformation into Vaulta.

With staking yields poised to outshine Ethereum[ETH] and Solana[SOL] and derivatives traders betting big on more upside, EOS is shedding its stagnant past and stepping into the spotlight.

EOS [EOS] has seen remarkable gains recently, rallying by over 20% and drawing attention for its transformation into Vaulta. With baking yields outshining Ethereum[ETH] and Solana[SOL] and derivatives traders betting big on more upside, EOS is shedding its stagnant past and stepping into the spotlight. But is the hype sustainable, or will profit-taking put a lid on the gains?

Key factors behind EOS’s surge

The recent rally in EOS crypto can be attributed to three key factors. Firstly, the buzz around EOS’s impending rebranding to Vaulta is drawing investor attention.

Set to launch by the end of May 2025, Vaulta aims to transform EOS into a blockchain-powered banking hub, complete with a new ticker and continued integration with exSat, the Bitcoin banking solutions.

Secondly, the introduction of a staking yield of around 17% for the new Vaulta token is significantly higher than Ethereum’s 2.03% and Solana’s 5.14%, supported by a reward pool of roughly 250 million tokens.

Source: Coinglass

Lastly, derivatives traders are showing growing confidence in EOS. According to data from CoinGlass, Open Interest (OI) in EOS futures has seen a sharp rise, reaching a recent high of approximately $170 million.

This represents a significant jump from the $90 million level recorded just a few weeks ago, signaling strong bullish sentiment.

Additionally, the data highlights EOS’s price rallying alongside the increase in OI, suggesting that traders are positioning themselves for further gains, driven by the ongoing rebranding excitement and attractive baking incentives.

The crowd is taking notice

EOS’s Social Dominance has also seen notable gains following the surge in derivatives activity. Santiment data reveals that the metric jumped to nearly 2.8% as EOS’s price climbed above $0.80, reaching its highest level in months.

This increase in social activity highlights the growing alignment between retail and institutional interest, driven by anticipation of the upcoming Vaulta rebranding.

Source: Santiment

However, Social Dominance has since cooled off to around 0.35%, suggesting that while the initial buzz was intense, it may be tapering off.

Still, the price remains resilient, hinting that the rally’s momentum could persist if social sentiment picks up again.

EOS price outlook

Source: TradingView

EOS experienced a strong bullish breakout, with prices surging over 20% to reach $0.82 at the time of writing.

The daily RSI stood at 79.12, signaling overbought conditions and suggesting the possibility of consolidation or a minor pullback. However, the OBV at 46.99M reflected substantial buying pressure, indicating that the rally may still have momentum.

A short-term dip to $0.75 could occur as traders take profits, but sustained volume accumulation might push EOS higher, potentially targeting the $0.90 level.

Should the rally lose steam, the $0.68 support level could act as a cushion before the next upward move.