Summary:

• Origin Trail has been in a bull run from mid-October.

• The rally accelerated this week sparking a 123% spike on Tuesday.

• However, it has pulled back in the last three days to create an opportunity for entry.

On Friday, Origin Trail (TRAC/USD) price continued to trim Tuesday’s gains extending Wednesday’s and Thursday’s declines to $1.80. The decentralised knowledge graph platform had spiked more than 123% on Tuesday, extending gains of the last two weeks.

Origin Trail enables project developers to organize their assets, making them easy discoverable and verifyable in a distributed network of blockchains. TRAC is currently the native currency of the multi-chain network. It runs on Ethereum, xDai, and Polygon. Plans are also in place to deploy on Polkadot.

It runs on a permissionless network of 1000+ nodes globally, thus enabling data discovery, connectivity and immutability.

How to get a pullback?

Origin Trail is one cryptocurrency project that has quantifiable intrinsic worth. The future looks bright for Origin Trail’s ability to track and verify across multiple supply chains.

There is a possibility that the price will drop after Tuesday’s spike.

TRAC appears to have recently spiked in order to break out from an ascending channel formation on the intraday charts. However, Thursday’s and Friday’s pullback pushed it back to the normal trading range in the 14-day RSI, off overbought conditions.

Investors could target potential rebounds around $2. 328, or higher at $2.716. The other hand, it costs $1. 106 and $0. 547 are crucial support zones.

In summary, Origin Trail (TRAC/USD) price seems to have created an exciting entry opportunity after the declines of the last two trading sessions.