This happened after the price of TRB rose by more than 100% in just one week. Initially, these whales invested $82,849 of TRB on Coinbase between early March and May at a price close to $80.20 per share.
Furthermore, they sold at a price of approximately $123 per token after holding for approximately two months, earning 53.6%. This strategic behavior by whales highlights their influence on market dynamics and hints at potential upcoming trades as more whales may be looking to reap similar gains.
Analyzing TRB’s Bullish Trend
On the other hand, analyst TraderAAG provided an insightful chart analysis of TRB. The analysis noted that despite USD TRB approaching sell-side liquidity levels on the daily timeframe, market sentiment remains bullish.
Notably, support is firmly established at last week’s high of $97, suggesting that TRB’s current market strength has a solid foundation.
Technology Insights and Future Outlook
TRB’s recent highest point reached $141.32, and its lowest point the previous day was $125.08.
Furthermore, if the market continues to favor the bulls and holds support above key levels such as the previous day’s high and low, we may see a further upward trajectory. However, noteworthy sell-side liquidity spikes may signal a potential price reversal or consolidation phase, so a cautious strategy is warranted.
(Personal opinion, not a recommendation)
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