- Talus clears key Fibonacci resistance as bulls target the $0.0500 milestone.
- Open interest hits record high, reinforcing strong bullish market participation.
- Rising spot inflows strengthen buyer confidence despite overextended momentum.
Talus (US) continued its remarkable advance on Wednesday, extending one of the strongest rallies across the digital asset market. The token climbed to around $0.0449 after posting another sharp daily gain, while weekly returns exceeded 150%. Rising prices, expanding derivatives activity, and improving capital flows have strengthened bullish sentiment.
Market participants continue to increase exposure as the asset trades above key technical levels. Although the latest surge has pushed momentum into overextended territory, buyers still control the broader trend, leaving traders focused on whether Talus can challenge the next major resistance zone.
Bullish Trend Remains Firm Despite Extended Rally
Talus continues to trade within a strong uptrend supported by a series of higher highs and higher lows. The latest breakout carried the token above the 0.786 Fibonacci retracement level near $0.0398. Consequently, attention has shifted toward the recent swing high around $0.0478.
The asset also trades comfortably above its 20, 50, 100, and 200-day exponential moving averages. This alignment reflects sustained buying pressure across multiple timeframes. Moreover, the wide gap between the current price and the 20-day EMA highlights the strength of the ongoing advance.

Momentum indicators also support the bullish outlook. The Bollinger Band %B reading sits above 1.20, showing that the price has moved beyond the upper volatility band.
However, such readings often accompany powerful rallies before short consolidation phases emerge. Therefore, traders may expect temporary cooling before another upward attempt.
If buyers clear the immediate resistance at $0.0478, the psychological $0.0500 level becomes the next important target. A successful breakout above that level could encourage another move toward the $0.0550 to $0.0600 region. On the downside, support remains at $0.0398, followed by $0.0335 and $0.0291 if broader market conditions weaken.
Open Interest Reaches a New Record
Derivatives activity has strengthened alongside the price recovery. Open interest remained relatively quiet through April before accelerating steadily during May and June. Significantly, the metric recently climbed to a record near $74.9 million, reflecting growing participation from speculative traders.

The combination of rising prices and expanding open interest often signals fresh money entering the market rather than short covering. Hence, the latest advance appears supported by increasing conviction instead of weakening momentum.
Capital Inflows Support the Uptrend
Spot market activity has also improved considerably. Earlier trading sessions experienced repeated capital outflows that weighed on sentiment. However, buying demand returned strongly in recent sessions. Net spot inflows reached roughly $812,000 as Talus approached $0.0449, indicating renewed confidence among larger investors.

Additionally, sustained inflows could provide the liquidity needed to support another leg higher. Even so, rapid gains frequently encourage profit-taking. Short-term volatility may increase if traders decide to lock in recent profits. Still, the broader technical structure favors buyers as long as Talus holds above its newly established support levels.
Technical Outlook for Talus Price
Key levels remain firmly in focus as Talus extends its powerful breakout and attracts fresh buying interest.
Upside levels: $0.0478 remains the immediate resistance, followed by the psychological $0.0500 barrier. A decisive breakout above $0.0500 could accelerate the rally toward $0.0550 and $0.0600.
Downside levels: Initial support stands at $0.0398, the former 0.786 Fibonacci retracement level. Below that, $0.0335 and $0.0291 provide stronger support if profit-taking intensifies. The 20-day EMA at $0.0237 remains the primary dynamic support for the broader uptrend.
Resistance ceiling: The $0.0500 psychological level is the critical barrier that bulls must overcome to sustain medium-term upside momentum.
The technical structure continues to favor buyers, supported by higher highs, higher lows, bullish EMA alignment, and record-high open interest. However, the price remains stretched above the upper Bollinger Band, suggesting short-term consolidation or a healthy pullback remains possible before the next advance.
Will Talus Price Continue Higher?
Talus enters the coming sessions with momentum firmly on the bulls’ side, backed by rising open interest and renewed spot inflows. If buyers successfully defend the $0.0398 support zone, the token could challenge $0.0478 before attempting a breakout above $0.0500, opening the path toward $0.0550 and $0.0600.
However, failure to hold $0.0398 could trigger profit-taking and a deeper retracement toward $0.0335 or $0.0291. For now, Talus remains in a strong bullish trend, but sustained buying volume and continued capital inflows will determine whether the current rally has enough strength to extend further.
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