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This week, EOS has experienced significant volatility after developers announced the main rebrand and transfer to the “new ERI in finance”.

EOS (EOS) At first it increased into multi-week high than $ 0.6675 after rebranding news before retiring to $ 0.5695. In Statement Tuesday, developers confirmed that EOS Rebrand would be in Vaucedo because it aims to become a leading block for the financial industry.

Vaucena will endeavor to bridge the gap between traditional finances and Web3, focusing on industry such as wealth management, consumer payments, portfolio investment and insurance.

His rich management pillar drives CEFF, network providing bitcoin (Btc) Yield. His goal is to use virtual architecture vouche to help conversion of bitcoins into a complete liquid, the funds for the production of returns within the Bank’s website.

EOS will transition in Vauctan in May. The new Vaucho Token will have a yield for placing about 17%, it was sourged by about 250 million tokens separated for awards. The new symbol of Tika Token will be presented before Rebranda.

The upcoming EOS Rebrand comes as the network struggled to compete with other blocks such as Ethers, Solana, Trons and BNB. Toward Defi LlamaThe total value of EOS is locked at $ 174 million, a modest figure, given the total value of the industry exceeds $ 80 billion. The EOS also has a market stability cap of only 10 million dollars, much lower than other chains.

Other chains rumored mixed success over the years. The latest success was the transition of the phantom (FTM) to sound (S). Sonic’s total locked value jumped to over $ 763 million, while her stablecoin market hat resurrected to 1.2 billion dollars.

Polygon’s Rebrand From Matić to Paul He did not work well well because he continued to lose market share in the layer industry-2. Also, Elrond’s Multiversor’s Rebranda Failed.

ESE technical analysis of EOS

The daily shows that the EOS token bottom is at 0.4295 USD this month. This was a notable level because he applied with the lowest level in July, August, September and November last year. It is a sign that bears are afraid of death below that price.

The EOS has formed a giant quadruple bottom to 0.4295 whose neckline is at 1.5408 USD, the highest level in November last year.

Therefore, the appearance of a coin is hate as long as it remains above a quadruple bottom to 0.4295 dollars. Bullishkia would see a coin jump for 175% to $ 1.5410. The fall below support to $ 0.4295 will point out the additional lower part.