Trias Token (TRIAS) Surges to Two-Year High Amid Growing Investor Interest
Trias Token (TRIAS) has experienced a significant rally, surging by nearly 27% in the past 24 hours. This surge comes as investor interest and demand for the token continue to grow.
Price Trajectory and Recent Drops
After reaching a high of $8.5 on December 22, Trias faced a bearish trajectory with intermittent drops due to the overall bearish sentiment in the crypto market. The token experienced a 19.8% collapse from $8.5 to $6.81 on December 26.
Market Impact and Recovery
The drop in Trias’ price was not an isolated event but rather mirrored the decline seen in other major cryptocurrencies like Bitcoin (BTC). BTC dropped to a weekly low of $41,637 on December 26, triggering a downward trend in other crypto assets, including Trias.
However, Trias quickly recovered and surpassed the pivotal resistance level at $7.215, turning it into support on the same day.
Surge in Price and Trading Volume
Since its recovery, Trias has continued to surge with the aim of reclaiming its December 22 high of $8.50. This resurgence has led to increased social volume for the token and a massive 120% surge in trade volume over the past 24 hours. Trias now boasts a 24-hour volume of $5.36 million, marking its highest intraday volume since September 19.
New Partnerships and Integrations
The project recently entered into a partnership with leading web3 browser Carbon, introduced a dual-token model through Triathon Lab, and integrated with the native zkEVM protocol Scroll on the Tusima network.
Current Price and Outlook
As of press time, Trias is trading at $9.52, representing a 28% increase in the last 24 hours and a 32% increase over the past week. The token is aiming to break above the pivotal resistance at $9.9 to reach a two-digit value above $10 for the first time since late 2021.
RSI and Buying Signal
The Relative Strength Index (RSI) of Trias Token has risen from 44 to 86 over the past two weeks, indicating a possible price cooldown as selling pressure may arise. However, data from Santiment shows a “buy signal” for Trias, as the number of new addresses for the asset continues to increase. The price-daily active addresses (DAA) divergence for Trias Token currently stands at around 541%.
Hot Take: Trias Token Surges to Two-Year High Amidst Growing Interest
Trias Token (TRIAS) has experienced a significant surge in price, reaching its highest point in two years. This rally can be attributed to increasing investor interest and demand for the token. Despite facing drops along with other major cryptocurrencies, Trias quickly recovered and has continued to surge, with hopes of reclaiming previous highs. This surge in price has also led to a substantial increase in trade volume for the token. Furthermore, Trias has recently formed partnerships and integrated with other platforms, further boosting its growth potential. As Trias aims to break key resistance levels, indicators suggest potential price cooldown and an emerging buying signal. Overall, Trias is gaining momentum and attracting attention within the crypto market.
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