• TRB’s $56.50 support holds firm, confirming bullish structure as traders eye $69 for a potential breakout toward $90.

  • Tellor’s 115% rally from $33 signals strong demand, with volume spikes fueling momentum and cooling volatility for the next move.

  • Breaking a 15-month trendline, TRB’s price action suggests a deeper trend shift as higher highs reinforce bullish momentum.

Tellor (TRB) is trading at $64.29 with a 6.70% daily gain. The asset touched a high of $65.32 and a low of $59.29 in the last session, forming a wide intraday range. Price now holds above the critical $56.50 level, a support zone defining near-term sentiment as traders monitor the next move.

TRB started May near $30, trading sideways before gaining momentum mid-month. A sharp breakout on May 25 saw the price explode from $33 to nearly $65 in under 72 hours. The parabolic move marked a 115% rally, driven by volume spikes and strong buying demand.

Source: CoinMarketCap

Following the rally, the price retraced to the $40 zone, reflecting a fast but expected correction. The move respected key Fibonacci retracement levels, stabilizing near 0.618 from the $33–$65 leg. From there, TRB bounced back above $50, forming a secondary high around $55.

Tellor now trades in a tighter range between $44 and $49. This band has emerged as a new consolidation zone, forming a bullish continuation structure. The 50-day EMA slopes upward, signaling underlying strength as buyers defend key levels.

The broader structure shows a full cycle—accumulation at $30, breakout at $35, exhaustion near $65, and consolidation above $44. Price action remains above the trendline drawn from May lows, with volatility cooling, suggesting the next leg is forming.

Analyst Views Highlight Reversal and Momentum Shift

According to market analyst Professor Moriarty, TRB has broken a 15-month descending trendline. The breakout above $56.50 invalidated the long-standing bearish structure from 2023 to early 2025. Large-bodied candles indicate strong follow-through and buyer dominance.

Source: X

A detailed breakdown from the analyst highlights a new trend forming, with consecutive higher highs and bullish momentum. No retests of the trendline have occurred, and support has held firm at every dip. Current price behavior mirrors past cycles where breakout rallies extended for months.

It’s worth clarifying that current developments point to a deeper shift unfolding across the market landscape. The $56.50 support remains crucial, holding it confirms bullish structure, while a drop below may open a path to $41.50.

If TRB reclaims and closes above $69 with strong volume, the price could target $90 or higher. The sentiment among traders is split; some expect explosive continuation, while others warn of sharp reversals. Still, community chatter and wallet flows suggest conviction is growing, and Tellor's next move could be decisive.