Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
Tellor price prediction is bullish for the next few months and suggests an outperformance.
TRB price rose 43% in the previous week and breakout of $40.00 hurdle level. It triggered a positive sentiment and prices seem to be getting ready for the massive rally.
Tellor crypto price is sustaining above the 50-day and 200-day EMA showcasing uptrend. However, the prices had rallied a lot in the short span of time and looked overstretched. So, it might retrace down to test the EMA.
In September, TRB price woke up from its consolidation range and broke out of the $20.00 hurdle level.
At the same time, the buying volume also increased which shows that some big players might have injected the money. Therefore, if any short-term correction comes then it is likely to get absorbed near to the support.
TRB Price is trading at $50.77 with an intraday rise of 10.20%. The 24-hour volume to market cap is 214.57%. The pair of TRB/BTC is trading at 0.0020342 with an intraday rise of 15%.
Will Tellor Price Hold the Higher Level?
Tellor price prediction favors the bulls and suggests a rise in the coming months. If the overall crypto market recovers then it might fuel the further rally in the TRB crypto.
Till the TRB price sustains above $30.00 it is expected to remain in the bulls’ grip. The recent breakout looks reliable and sustainable. So, new investors may look to buy TRB in a range between $30.00 to $40.00 for a better risk-reward ratio.
The buyers look aggressive so more upward momentum is possible in the coming months.
Will TRB Price Able to Break $60?
TRB price rallied more than 40% in the last two trading sessions. It shows the confidence and dominance of buyers. The Bulls look aggressive so it’s better to play long and look for buy on dips.
On the higher side, $60.00 will act as an immediate hurdle for the bulls. If buyers succeed in breaking the $60.00 hurdle then it might begin the journey to reach $80.00.
On the other hand, if the Tellor price faces rejection then prices might spend some time in the consolidation range between $46.00 to $60.00.
Conclusion
Tellor price prediction is bullish for the next few months and suggests the price might reach $60.00.
TRB price is rising upward with high buying volume showing some crypto whales might have injected the money. Therefore, the analysis suggests that the TRB crypto price is in bulls’ grip and more upside is pending.
Technical levels
- Resistance levels: $60.00 and $80.00
- Support levels: $39.00 and $30.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/09/27/tellor-price-prediction-trb-price-up-43-more-rally-pending/