BMT Crypto Surges 124% Post-Listing, EOS Gains 37.87% Amid Rebranding

BMT crypto and EOS have both exhibited strong bullish trends in the short term, with BMT experiencing a significant price rally following its listing on a major exchange. On March 18, BMT crypto saw a 124% price increase, reaching a high of $0.325 before retracing by 31.8%. This price movement could be attributed to a "sell the news" event, as the token had already seen double-digit percentage gains the day before. Despite the recent retracement, the strong uptrend and demand suggest that BMT crypto may only experience a minor retracement before continuing its upward trajectory.

EOS, another major winner, gained 37.87% from Tuesday’s low at $0.487 to the high at $0.67. Although EOS has a larger market cap compared to BMT, both tokens were among the biggest winners of the past 24 hours. The 2-hour BMT chart showed a strong uptrend in progress, with the token retracing at the time of analysis. The small market cap of BMT means that any gains made could be quick and explosive. Investors with high conviction can use the Fibonacci retracement levels to bid on the BMT token, as the OBV has not sunk noticeably despite the coin falling below the 38.2% level at $0.235. This indicates a good chance of a quick recovery once the retracement is over.

EOS's price action on the 2-hour chart also showed strong bullishness, with the RSI remaining above neutral 50 despite the token retracing more than 50% of its recent gains. The OBV has not plummeted below the recent lows, suggesting that EOS bulls may defend the next retracement levels at $0.558 and $0.527. However, the 1-day chart of EOS reveals a strong bearish structure, with the recent rally driving the price just above the recent lower high at $0.647. This move is likely a liquidity grab and a false breakout, indicating that EOS may continue to trend downward. Traders are advised to maintain their bearish bias despite the recent gains, as a daily session close above $0.647 would be needed to flip the structure bullishly and indicate further gains.

Analysts suggest that only one of these tokens is likely to sustain its upward momentum in the long term, while the other may face a bearish bias. The rebranding of EOS into Vaulta, which aims to transform the token into a "web3 bank," has triggered a significant rebound, with price jumps exceeding 50%. This rebranding effort is expected to continue driving EOS's growth if Vaulta follows through with its goals. However, the long-term success of this rebranding effort will depend on Vaulta's ability to deliver on its promises and maintain market interest.

In contrast, the short-term price predictions for BMT suggest that the token could see a 3X to 5X increase in value over the next 1-3 months. This optimistic outlook is supported by the token's recent performance and the increased market interest following its Binance listing. However, the long-term outlook for BMT remains uncertain, as broader market conditions and competition from other tokens could impact its performance. Investors should carefully consider the risks and potential rewards associated with each token before making investment decisions.