After holding around $0.28 since failing to hold $0.30 three days ago and falling to $0.25, OriginTrail [TRAC] rebounded with strength.
In doing so, TRAC made a major price swing, breaking out of the range to hit a monthly high of $0.38.
As of this writing, OriginTrail was trading around $0.35, marking a 32% pump on the price charts. Over the same window, TRAC’s trading volume climbed 300% to $30 million while the market cap climbed 34% to $171 million.
The volume and market cap rising together signals strong market activity backed by steady capital inflows.
OriginTrail rides on AI narrative and Palantir comparison
OriginTrail is seeing renewed market attention largely driven by the AI narrative. The crypto community has called OriginTrail a decentralized Palantir.
According to Chain Ink, OriginTrail stands out among other AI agents for its ability to remember. The decentralized knowledge graph provides AI agents with shared memory and built-in provenance.
Thus, OriginTrail solves the problems affecting other AI agents over truthfulness and verifiability. These traits have made it especially attractive for many market players eyeing to ride on the AI wave.
Cryptoguku remarked,
OriginTrail is a decentralised Palantir.
With the community amazed by its AI narrative prospects, speculative demand for the native token TRAC has skyrocketed.
Speculative demand dominates the market
With the crypto market eyeing OriginTrail’s potential in the AI space, traders have jumped in to take strategic positions. As demand strengthened, the altcoin rebounded, and speculators returned, attempting to capitalize on the gains.
According to Coinalyze data, Futures Buy Volume climbed to 3.17 million, while the sell volume declined to 1.94 million.
Source: Coinalyze
As a result, the Futures market recorded a positive buy-sell delta of 1.23 million, a clear sign of strong buying pressure. Historically strong speculative demand has strengthened short-term price performance, leading to more gains on price charts.
Profit realization spikes, threatening the rally
As expected after OriginTrail rebounded from $0.25, holders who had been underwater rushed to cash out. According to CoinGlass, Spot Netflow skyrocketed to a record high of $518k, marking a massive jump from -$15k the previous day.
Source: CoinGlass
A positive Netflow indicates more TRAC flowed into exchanges than out of them. Historically, higher exchange inflows have increased supply available for selling, thus raising market pressure.
Can TRAC hold the momentum?
OriginTrail is currently under strong bullish pressure despite the rising profit realization. In fact, the altcoin’s Relative Strength Index (RSI) climbed from 42 to 65, reaching deep into the bullish zone.
At such elevated levels, the RSI suggested that buyers have significant control over the market, driving momentum.
Source: TradingView
At the same time, the Directional Movement Index (DMI) further confirms this trend’s strength. The positive index rose to 42 while the negative index dropped to 8, confirming the upside strength.
These indicators suggest the prevailing trend will continue. If demand holds, TRAC will flip the $0.4 resistance, but if profit-taking continues, OriginTrail will drop below $0.3, with $0.26 as support.
Final Summary
- TRAC surged 32%, hitting a monthly high of $0.39, before retracing amid rising speculative demand
- OriginTrail has captured market attention over the AI narrative, as crypto traders compare the AI token with Palantir
