- TRIAS rose 35.51% in 24 hours to trade around $3.71, keeping a close eye on the resistance at $3.98.
- Technical indicators such as RSI and MACD are showing bullish momentum, pointing to the potential for further price gains.
Trias Token [TRIAS] has experienced a sharp price increase of 35.51% in the last 24 hours, trading at $3.71 at the time of writing. The 24-hour trading volume stands at $2,837,335, indicating increased activity and strong interest from traders.
Over the past week, the token’s price has risen 41.80%, outperforming the broader crypto market, which is up 1.70%.
Source: Trading view
Despite its strong performance, TRIAS still lags behind others smart contract platform cryptos, which collectively increased by 294.30%. The current market cap of the token is $36,480,036, supported by a circulating supply of 10 million tokens.
Historical price data and trading ranges
TRIAS has shown significant volatility over the past week, with the seven-day range fluctuating between $2.42 and $3.77.
Within the past 24 hours, the token traded between $2.70 and $3.83, reflecting increased buying pressure at higher levels. TRIAS remains far from the all-time high of $31.70 reached on May 9, 2021, marking an 88.5% decline from the high.
The recent surge has brought TRIAS closer to reclaiming higher levels, with traders eyeing $3.98 as the next resistance.
Meanwhile, a support level is expected at $3.26, which could provide a potential cushion for price corrections as selling pressure increases.
Technical Analysis: Indicators point to bullish momentum
Technical indicators suggest that TRIAS could post further gains if current momentum continues. The Relative Strength Index (RSI) stands at 58.83, indicating that bullish momentum is strengthening without entering overbought territory.
A move above the 60 level could confirm a continuation of the uptrend.
Source: TradingView
The Moving Average Convergence Divergence (MACD) has shown a bullish crossover, with the MACD line rising above the signal line. The growing positive histogram further supports the bullish case, indicating increased buying pressure.
A sustained move above the resistance at $3.98 could signal a breakout, while failure to hold above $3.26 could lead to a pullback.
Developments and market prospects
TriasLab will take place on July 18 announced the launch of an upgrade swap for TRIAS tokens on the Binance Smart Chain (BSC). This development will allow users to convert their tokens to the new contract, a step aimed at improving the token ecosystem.
While this update may not directly explain the recent price increase, it does reflect the project’s ongoing efforts to improve infrastructure and attract user participation.