In a market that’s been a confusing mix of red candles and low momentum, one surprising name is quietly printing green candles: EOS, an old name in this space. The once-hyped “Ethereum killer” and long-forgotten dinosaur of the 2017 bull run cycle suddenly shows signs of life.
While many altcoins are struggling to hold key levels, EOS price has printed a solid 13% surge this week and broken out of a significant technical pattern, catching the attention of traders and analysts. This is particularly fascinating at the moment, with Bitcoin struggling to stay above $81,000 while Trump’s tariff threats loom over the rest of the world.
EOS Price Breaks Out of a Long-Term Pattern
(EOSUSDT)
The recent move comes after weeks of continuous downtrend. The EOS price has broken out of a descending wedge pattern that had kept the token suppressed for months. Technical analysts recognize this pattern as a bullish reversal signal, especially after long downtrends. The breakout happened around the $0.45-$0.50 range, an area that previously acted as strong support. The price is now hovering above $0.62, pushing towards the next visible resistance levels.
Adding to the momentum, trading volume for EOS spiked over 58% during this move, proving that investors are paying attention again. The price also jumped by nearly 14%, signaling a renewed interest in a project many consider a crypto dinosaur.
EOS isn’t new to the crypto scene. Launched with one of the biggest ICOs in history, the coin once sat comfortably in the top 10 by market cap. But years of regulatory drama, leadership changes, and stiff competition pushed EOS into the background.
Now, as the crypto market and the market in general undergo some shift in narrative, EOS seems to be benefiting from an old-school kind of momentum: technical setups backed by real trading activity. Whether this marks the start of a broader “dinosaur coin” trend—where older, undervalued large-cap projects stage surprising comebacks, is still unclear. But EOS is making a case.
Looking ahead, EOS faces key resistance levels. The first immediate test sits around $0.66, with immediate resistance at $1.00 and $1.30. Clearing these levels could validate this breakout as more than just a short-term bounce.
On the downside, the $0.43 – $0.50 levels now act as strong support zones. If EOS manages to flip those into confirmed floors, the bullish structure will likely hold.
Old Crypto Coins Getting Traction – Why Is This Happening Now?
In a market where Trump’s tariffs add uncertainty, some traders return to familiar names with deep liquidity and established infrastructure. EOS’s breakout is fueled by technicals and a growing narrative that older, “forgotten” coins might still have fuel left in the tank, especially if Bitcoin stabilizes or resumes its uptrend.
Moreover, the recent surge suggests that there’s still room for these large-cap laggards to move when market conditions allow, but a full bull run? Traders may want to keep an eye on as the altcoin cycle evolves.
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Key Takeaways
- EOS breaks out of a descending wedge pattern, signaling a potential bullish reversal after months of downtrend.
- Trading volume surged over 50%, reflecting renewed investor interest and increased market participation in EOS.
- Key resistance levels for EOS stand at $0.67, $1.00, and $1.3 for confirming the current bullish trend.
- The breakout raises speculation about a broader comeback of old large-cap “dinosaur coins.”
The post Why is EOS Pumping: Can EOS Price Spark A Dinosaur Coin Bull Run? appeared first on 99Bitcoins.
