- TRAC price surged 34% in a single candle, reaching the upper edge of its long-standing accumulation zone.
- Market cap remains near $200 million with zero token inflation, supporting strong fundamentals for potential long-term growth.
- Technical setup reflects a Wyckoff-style accumulation, with repeated support bounces pointing toward an early breakout cycle.
OriginTrail (TRAC) has re-entered a historically strong accumulation range, fueling expectations of a potential bullish breakout.
TRAC Accumulation Zone Remains Intact Since 2022
The TRAC/USD 3-week chart shows the asset consistently respecting a long-standing accumulation zone between $0.10 and $0.45. This range has served as a support base since mid-2022 and previously acted as the starting point for the sharp 2021 rally that pushed TRAC beyond $3.50.
The latest 3-week candle reflects a +34% surge, signaling renewed market interest as TRAC tests the upper boundary of this zone. Price behavior in this range indicates that buyers have historically shown strength, making this a crucial level to monitor.
Notably, the recent price movement increases the probability of a breakout. Should TRAC close above the $0.45 level, it could confirm the beginning of a broader trend reversal. The chart structure aligns with a typical long-term accumulation phase, often seen before price expansion.
TRAC Market Cap and Supply Support Long-Term Bullish Case
CredibleCrypto shared on X that TRAC has returned to the same accumulation area where it first gained attention in 2023. According to the tweet, the token has run nearly 5x since then and remains a core holding.
TRAC’s fully diluted supply stands at 500 million tokens, with a market capitalization near $200 million. These figures suggest no token inflation, which is often viewed favorably in long-term market cycles. The combination of stable supply and increased demand can support future price growth.
The post emphasized that OriginTrail’s fundamentals have strengthened over time. With no inflationary pressure, TRAC could maintain price stability while attracting long-term investors and institutional interest at these current levels.
Technical Structure Mirrors Wyckoff Accumulation Phase
The chart setup closely resembles a Wyckoff-style accumulation, where repeated support touches suggest strong hands absorbing supply. Price compression within this zone has occurred over a prolonged period, adding weight to the current structure.
Market watchers note that the structure is forming higher lows and maintaining strong support. These conditions are generally a precursor to breakout phases if buyers step in at sufficient volume. As a result, analysts are watching closely to see if the $0.45 resistance level will give way in the coming weeks.
If it breaks and confirms a breakout, we could see targets of $1.00 and $1.50 based on levels seen during rally phases.
