OriginTrail

bullish

Momentum

<ul class="wp-block-list">
 <li>TRAC shows strong bullish momentum with buy zones at $0.51 and $0.70, but resistance at $1.00 calls for caution.</li>  
 <li>A monthly close above $1.17 could trigger a long-term rally, with analysts projecting potential highs near $9.</li>  
 <li>OBV divergence hints at slowing momentum, yet support near $0.85 provides a foundation for upward movement toward $1.30.</li> 
</ul>  
OriginTrail has seen strong market activity, with analysts highlighting potential upward movement. IncomeSharks noted dip-buying, while Skim6900waves projected a long-term target of $9 based on a cup-and-handle pattern. TRAC’s recent upward breakout past $0.70 underscores rising bullish momentum. However, OBV divergence and resistance near $1.00 indicate near-term caution.  
<h2 class="wp-block-heading" id="h-key-levels-signal-bullish-potential">Key Levels Signal Bullish Potential</h2>  
TRAC’s price surged to $0.95, breaking a critical $0.70 resistance, supported by strong buying at $0.51 and $0.70. Significantly, the SuperTrend indicator remains in a green zone above $0.74, <a href="https://cryptonewsland.com/tron-trx-sustains-bullish-momentum-21-buy-signals/" target="_blank" rel="noopener noreferrer nofollow">signaling sustained bullish momentum</a>. Analysts expect consolidation near $0.80-$0.85 before a potential breakout past $1.00.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcqN6Fdz5B9M6j-wiaJWVUX_7OCArBRupfWYcsaAA8CbevyeE_WyyV1R0eaamjjui_VECg_iPHGWQ7IKu8VCrJoQ_0BvIqtrWvnseRBRegbqQTV3nRs_-x8ZDJTCjh-iu_1vpY_Qg?key=ShInqqm23rV6UGSE0CMkEfeX" alt="">
</figure>  
Source:<a href="https://x.com/IncomeSharks/status/1859743877126816250" target="_blank" rel="noopener noreferrer nofollow"> IncomeSharks</a>  
Notably, horizontal resistance levels at $1.00, $1.17, and $1.30 present critical areas for traders. IncomeSharks emphasized adding positions after confirmation of a breakout or further dips. Skim6900waves highlighted a monthly close above $1.17 as a trigger for a potential long-term move toward $9.  
<h2 class="wp-block-heading" id="h-long-term-outlook-bolstered-by-rounded-bottom">Long-Term Outlook Bolstered by Rounded Bottom</h2>  
The monthly chart reveals a rounded bottom spanning two years, signaling a steady recovery from 2022 lows. Moreover, moving averages show bullish alignment, with the shorter-term moving average crossing above the longer-term one. Increased volume supports this trend, reflecting <a href="https://cryptonewsland.com/dormant-ethereum-ico-participant-moves-19000-eth/" target="_blank" rel="noopener noreferrer nofollow">strong market participation during upward moves</a>.  
Furthermore, TRAC faces intermediate resistance at $1.00 and $1.17, with the critical $1.58 level marking the rounded bottom breakout point. Skim6900waves pointed to the $1.00-$1.17 consolidation zone as key support during any retracement.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf77D_cMmrqWYfHDiqBWVcS8mTgG_K4F_uHjgvHO-L-ZnvXG1n_LHiHgdOrRqRyszmIBvgia3UZNbdyfNUDQWOBuReazK2G1Nbg_Z3txEE-Vf4xzcyvcnR9MAkFaEogfQXPplcZ?key=ShInqqm23rV6UGSE0CMkEfeX" alt="">
</figure>  
Source: <a href="https://x.com/Skim6900waves/status/1859716048725127546" target="_blank" rel="noopener noreferrer nofollow">Skim6900waves</a>  
<h2 class="wp-block-heading" id="h-momentum-indicators-and-price-projections">Momentum Indicators and Price Projections</h2>  
The OBV shows strong accumulation, aligning with price surges. However, recent divergence as prices peaked at $0.95 signals possible weakening momentum. Additionally, the RSI at 52.41 reflects moderate strength, suggesting room for further gains.  
If TRAC sustains above $0.85, historical patterns suggest an upward movement to $1.30. Beyond $1.58, analysts foresee long-term potential toward <a href="https://coinmarketcap.com/currencies/origintrail/" target="_blank" rel="noopener noreferrer nofollow">$8.96</a>, driven by the rounded bottom’s breakout trajectory. Consequently, traders remain focused on consolidation near $0.85 and the critical $1.17 level for confirmation. 
The post <a href="https://cryptonewsland.com/origintrail-trac-eyes-key-breakout-as-analysts/" rel="noopener noreferrer nofollow">OriginTrail (TRAC) Eyes Key Breakout as Analysts Monitor Bullish Momentum</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

OriginTrail (TRAC) Eyes Key Breakout as Analysts Monitor Bullish Momentum

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