Trillioner Coin failed to build on Tuesday’s gains,as it made another failed attempt at breaking out of its nine-day sideways movement. The TLC/USDT trading pair stood at 51.50, having shed a marginal 0.01% of its value at the time of writing. The token is stuck in range since March 25th , but most recently reached its all-time high of 53.00 on April 1st. Such is the trend that has become all too common for Trillioner Coin, but which has kept it on the ascending trajectory since its release on May 1st, 2023.
The coin’s exposure is limited by the few exchanges where it is listed. TLC is only listed on three centralised exchanges namely MEXC, BitMart and LBank exchanges as of this writing. Nonetheless, the investor interest in the asset is strong, with its 24-hour trading volume standing at slightly over $1 million dollars across the three exchanges as of this writing. Trillioner aims to establish itself as the bridge between TradFi and crypto markets, offering users the best of both worlds in a seamless fashion.
That will involve providing access to crypto banking, investment and fiat banking financial services for both institutional and retail investors. The current excitement around the project is the anticipated launch of its Crypto Bank feature, which will introduce “Metaverse Banking” and “Wallet 2.0” in the third quarter of 2024. Despite showing little movement over the last week, Trillioner has shown resilience and stable growth, not necessarily attached to the crypto bellwether, Bitcoin. The token is up by 11.5% year-to-date.
Technical analysis
The momentum on the TLC coin price favours control by the sellers, with the pivot at 51.54. The downside will prevail as long as resistance remains at this level. That could build momentum to break the 50.09 support, which could pave the way for a move to test 48.72. Alternatively, a move above 51.54 will favour control by the buyers, who will meet resistance at 52.97. Continuation of buyer control at that level will likely break the resistance, and possibly propel movement to 54.03.
