OriginTrail surges 32% as the AI narrative takes over – Can TRAC target $0.4?
OriginTrail (TRAC) surged 32% to a monthly high near $0.38, fueled by strong speculative demand driven by its AI narrative, with the crypto community comparing it to a decentralized Palantir. Trading volume jumped 300% to $30 million. Futures data showed significant buying pressure, with a positive buy-sell delta. However, profit-taking increased, indicated by a spike in exchange inflows, which could threaten the rally. Technical indicators like the RSI at 65 and a strong DMI suggest bullish momentum remains. The key for TRAC is sustaining demand to break the $0.40 resistance; failure could see a drop toward $0.26 support.
ambcryptoAyer 21:03
