Trias Token (TRIAS) recently clinched a two-year-high, rallying by nearly 27% over the last 24 hours amid an observable uptick in investor interest and demand.
Since hitting a high of $8.5 on Dec. 22, Trias has traced a bearish trajectory, recording intermittent drops amid the bearish atmosphere surrounding the broader crypto market. Trias collapsed 19.8% from $8.5 on Dec. 22 to $6.81 on Dec. 26.
The drop from Trias was not an isolated event, triggered by a similar price decline from other major players such as Bitcoin (BTC). BTC slumped to a weekly low of $41,637 on Dec. 26 after an intraday drop of 2.45%, the highest in over two weeks.
As BTC dropped other crypto assets followed. Trias was not spared any onslaught. However, the token witnessed an immediate price recovery soaring above the pivotal resistance at $7.215 and flipping it into support on the same day.
Trias has continued to surge since then, hoping to recover the losses of the past few days and reclaim the Dec. 22 high of $8.50. The resurgence triggered increased social volume for the crypto token, which spiralled into increased volume as more traders became aware of the token.
This phenomenon has introduced greater demand as evidenced by a massive 120% surge in trade volume for the asset over the last 24 hours. Trias now boasts a 24-hour volume of $5.36 million, the highest intraday volume the token has recorded since the $7.16 figure on Sept. 19.
According to a post on X, the team confirmed that last week the project entered into a partnership with leading web3 browser Carbon, Triathon Lab introduced an economic concept involving a dual-token model, and Tusima network integrated with native zkEVM protocol Scroll.
As of press time, Trias currently trades for $9.52 up 28% in the last 24 hours and 32% over the past week. The asset currently looks to break above the pivotal resistance at $9.9 to reclaim a two-digit value above $10 for the first time since late 2021.
As the price surge continues, the Relative Strength Index (RSI) of the Trias Token rallied from 44 to 86 over the past two weeks, according to Santiment. The indicator suggests a possible price cooldown as the asset might face selling pressure.
On the other hand, Santiment data shows that a “buy signal” for Trias has emerged as the number of new addresses for the asset is increasing. According to the data provided by the market intelligence platform, Trias Token’s price-daily active addresses (DAA) divergence is currently hovering around 541%.