The daily increase of TRB reached 19.57%, currently priced at $41.02, hitting a new three-week high. LunarCrush data shows its social mentions have increased by 120% month-over-month, and the community sentiment index has risen to 78.
Technically, it has broken through the key resistance level of $40, with a 24-hour trading volume surging to $108.9 million, but the contract funding rate remains at -0.05%, indicating that short positions are still high. On-chain data reveals risks: the top 10 whale addresses hold 72.3% of the circulating supply, with one address transferring 150,000 TRB to Binance on June 3; the current circulating market cap is only $859 million, but a single sell order of $5 million could push the price down to the $35 range.
Technical indicators show a divergence at the top, with the RSI rising to 63 in the overbought zone, while the MACD histogram has not synchronized with new highs. Analysts point out that TRB needs to overcome three major hurdles: hold above $40, solidify ecological partnerships, and improve liquidity.
Risk warnings include the continuous reduction of holdings by large whale addresses and a liquidity crisis on exchanges. Currently, the correlation between TRB and BTC is 0.88, but its correlation with mainstream smart contract platforms is only 0.32, indicating that its ecological independence still needs to be strengthened.
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