🧠 Simple analysis of the TRB (Tellor) chart on Binance:
🔼 Explosive rise:
In the daily chart, a strong green candle is seen, indicating significant buying pressure. The price went from around $46 to $65.84 USD, a rise of over 40% in a single day, although at the time of the image it slightly retraced to $62.50.
📊 Increasing volume:
The volume bar at the bottom shows that there is a lot of interest in the market, supporting this rise. When volume increases along with price, it is a positive signal.
📈 Technical indicators:
• MACD: crossing upwards, confirming positive momentum.
• Parabolic SAR (yellow dots): below the candles → suggests an upward trend.
• Moving averages: the short-term lines (like the 5-day MA) are diverging strongly, showing momentum.
What does this mean?
👉 The trend is clearly upward, at least in the short term. Many traders might be buying in hopes of further rises.
⚠️ But be careful: after such a strong rise, corrections (temporary declines) could also occur due to profit-taking.
$TRB will it continue to rise?
If it maintains volume and interest in oracles continues to grow, it could have more room to run. But it's crucial to watch the upcoming price movements and the news that drives it.