The price of TRB has experienced a significant increase in the last 24 hours, with an increase of 7.47%. Additionally, the closing of the current candle above the 20-period exponential moving average (EMA20) suggests short-term bullish momentum.
Likewise, the relative strength index (RSI) is above 50, indicating positive momentum and strength in the upward trend. However, there is still room for the RSI to approach the overbought zone, which could indicate a possible exhaustion of the upward trend if not accompanied by an increase in volume.
On the other hand, the Bollinger band is relatively narrow, suggesting moderate volatility in the TRB market. This could indicate a possible price consolidation before a new breakout to the upside or downside.
The price has recently surpassed a key resistance level, which could now act as new support. The next resistance level to watch would be the high of the last 24 hours.
The chart presents mixed signals. On one hand, the upward trend and positive RSI suggest that the price of TRB could continue to rise. However, the moderate volatility and lack of very high volume could indicate a possible pause in the upward movement before a new breakout.