EOS surges 20% trading near $0.8300 as investors anticipate its major upcoming rebrand to the Vaulta ecosystem ($A). The planned token swap, set for May 14, is fueling a sharp rally for the cryptocurrency, signaling a notable attempt at revival for the once top-ranked blockchain project. Vaulta Rebrand Ignites Investor Optimism The move from EOS to Vaulta ($A) is the clear driver behind the current price surge. Investor enthusiasm is directly tied to this strategic pivot, which promises a fresh chapter for the asset after years of decline. Communications from the project, including posts on X (formerly Twitter), have built anticipation for the change. https://twitter.com/Vaulta_/status/1920106006862000305 This positive market reaction is particularly noteworthy because EOS had fallen out of the top 100 cryptocurrencies and many observers had considered it stagnant. The double-digit gain provides a rare bright spot in a market often focused on newer AI tokens or meme coins. Related: EOS Price at Crossroads: Will Spring v1.0 Upgrade Spark a Rebound? What the Vaulta Pivot Means for EOS The planned rebrand aims to be more than just a name change. Project leaders state the new Vaulta ecosystem is designed to give EOS renewed relevance by offering enhanced blockchain infrastructure, updated governance structures, and better integration with decentralized finance (DeFi). A key part of this overhaul is a 1:1 token swap, ensuring current EOS holders can transition smoothly to the new $A token. Vaulta is being presented as representing a long-term vision for the project. Combining a new identity with clear roadmap goals frequently attracts market interest, which appears to be a major factor in the current price breakout. Technicals Turn Bullish, Support Price Action The current EOS price action looks bullish on technical charts. After trading around $0.6848 earlier, the price consolidated briefly before pushing decisively upward. EOS/USD daily price chart, Source: TradingView This rally established solid support zones around $0.7000 and $0.7250, which could now act as a base for further moves. The immediate resistance for EOS lies near its latest high around $0.7740. A break above this level could lead to a test of the next significant hurdle at the $0.8000 mark. Supporting the move, the Moving Average Convergence Divergence (MACD) indicator shows a positive crossover, with the MACD line trending above the signal line alongside a green histogram. Related: EOS (EOS) Price Prediction 2025-2030: Will EOS Break Past $1 in The Coming Years? Supporting this EOS momentum, the Relative Strength Index (RSI) reads 63.69. This signals strong upward momentum while indicating the asset is not yet overbought, suggesting there might be room for further gains. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.