EOS price has surged by over 45% to cross the $1 mark, boosted by the performance of its Decentralized Finance ecosystem. The total value locked in the network has reached $250 million, its highest since December. The network has also made significant developments, including a hard fork, tokenomics revamp, and the launch of the ex-Sat Network. EOS has benefited from its partnership with Binance and increased demand in the futures market. Technical analysis suggests that EOS may experience a strong bullish breakout in the coming days, with the initial target being $1.3423, and a potential jump to its 2021 high of $6.43 if ecosystem growth continues. However, it remains uncertain whether EOS will rebound to its all-time high of $15, as this would require a 1,400% increase from the current level.



Other News from Today