A 20% spike in less than a day has a lot of Telegram and Twitter traders talking about Tael (formerly Wabi).

The coin hit a 2-week high $0.34 yesterday night, before swiftly retracing back to the $0.31 level by Tuesday morning. It has since experienced choppy price action, and is currently down 3.27% for the day:

If you were looking for a straightforward explanation of the rally, you’d be out of luck. There hasn’t been any notable project announcements or Tael-related chatter, unless you count Tael participating in Hyperledger’s (their parent company) Open Summit as price-moving news:

Pronouncements (or lack thereof) aside, various Twitter TA pundits are - as always - blaming the rally on favorable price and volume indicators:

A few people are also mentioning significant Tael-related news coming out on June 30th:

Which is likely a reference to the project’s 2019 roadmap that predicts a number of tweaks and updates made to the platform by the end of Q2: