Will TRB Smash $300 Mark?

Tellor crypto (USD: TRB) is trading within an upward channel and making higher highs. The crypto has attempted to reach the level of $250 above the key EMAs. This shows that the bulls are dominant and unwilling to give up.

At the time of writing, TRB crypto was trading in a bullish zone with a minor loss for the intraday which indicates bullishness on the charts. The trading volume for the day was 153.618 Million, showing a buying is growing among buyers. The market cap of TRB crypto is $649,137,070.

However, TRB crypto has stayed in an uptrend over the past months and persisted in forming higher highs and higher lows sequences. Moreover, the price action shows that Tellor crypto has persisted in facing bullish pressure, and sellers have stayed on the back foot. In contrast, buyers have a strong edge and continue to make long positions.

Tellor Crypto Preformance

• Last week it gave a return of 44.40%.
• Last month it gave a return of 216.76%.
• In the last 3 months, it gave a return of 365.20%.
• In the past 6 months, it gave spectacular returns of 2142.23%.
• Year to date it grew by 1913.96%

What Technical Indicators Show on the TRB Charts

On the daily charts, Tellor crypto showed a rising pattern, and the price is near the upper trendline above the key EMAs, showing strength on the charts. 

Tellor Crypto is now trading near the upper Bollinger band and heading toward the upper level of $250. Furthermore, the chart shows buyers are gaining traction and preparing for the next bullish move.

Weekly-Time Horizon Analysis

Tellor Crypto has shown buyers’ strength on the weekly charts.  Moreover, the price traded above the key EMAs, which shows further strength in the crypto price. The RSI curve is near the oversold region at 88, and a positive outlook was noted, indicating bearishness in the crypto price. The MACD indicator also persisted to form green bars, and a bullish crossover was noted, which signals bullish moves.

Summary

Tellor (USD: TRB) technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the TRB crypto price. Tellor price action suggests that the investors and traders are bullish on the 1-D time frame. The price action reflects a bullish perspective at the moment.

Technical Levels

Support Levels: $200.00.

Resistance Levels: $250.00

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.