EOS, the native token of the EOS Network blockchain, has reached a market cap of $1.74 billion, its highest since November 2022. The recent 165% price surge has surprised many, leading to questions about the potential for further gains. Despite being 95% below its all-time high, EOS has seen a significant increase in demand, with its price rising from $0.42 to $1.12. This surge in price, coupled with a rise in Open Interest (OI) in the derivatives market, suggests a possible continuation of the upward trend. The Awesome Oscillator (AO) reading on the daily EOS/USD chart also indicates bullish momentum, potentially pushing the price to $1.21 and even $2 in the short term. However, market conditions can change rapidly, so it is essential to conduct thorough research and seek professional advice before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news