EOS: A Catalyst for Change in the Blockchain Space - Growth, Whales, and Price Movements Ahead

Major Improvements on the Horizon

The EOS ecosystem is full of interesting plans for 2024-2025. The main improvements are related to scalability, security, and tools for developers. Spring v1.1.0 in Q1 2025 will speed up smart contracts. Spring v2.0.0 in Q3 2025 will bring decentralized wallets and better contract interaction. EOS EVM v2.x.x in Q2 2025 will enable faster token registration and reward better-performing dApps. ExSat is a feature launched in October 2024, which will enable Bitcoin staking and custody solutions on EOS. EOS looks for the usage of AI to make transactions faster, develop secure systems against future tech threats, and ensure eco-friendly solutions. These improvements strive to provide EOS with greater leadership in the blockchain world and encourage more use in decentralized finance.

Rising Whale Activity in EOS

January 2025: The whales are getting increasingly active in the EOS blockchain. There are now more addresses that have 100,000 to 10,000,000 EOS. That's a clear trend of the large investors holding on to the expectation of changing prices. Upswings, however, have usually been harbingers of turning the markets. Thus, a lot of interest from the big players may indeed work in the favor of EOS.

Price Movement and Market Analysis

EOSUSD prices surged more than 40% in past three days.It hit a high of $1.033 and currently trading around $0.9886. The pair is holding above the short-term (34 and 55-day EMA) and above the long-term moving average (200-day EMA).

Positive Indicators for Investors

The near-term resistance is around $1.05, any indicative breach above will take the pair to $1.15/$1.55/$2/$3.18. On the lower side, immediate support is $0.69, and any violation below targets $0.60/$0.50.

Indicators ( 4-hour chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $0.95 with SL around $0.69 for TP of $1.95.